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| Registered number: 11637691
WWY (HOLDINGS) LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
WWY (HOLDINGS) LIMITED COMPANY INFORMATION
DIRECTORS | A S Y Wing Yip
| B J S H Wing Yip
| P M Larmouth
| J R Bates
| J A Hendley
| N J Potts
REGISTERED NUMBER | 11637691
REGISTERED OFFICE | 375 Nechells Park Road
| Birmingham
| B7 5NT
INDEPENDENT AUDITORS | Bishop Fleming Audit Limited
| Chartered Accountants & Statutory Auditors
| 55 Colmore Row
| Birmingham
| B3 2AA
BANKERS | HSBC Bank PLC
| 2 - 4 St Ann's Square
| Manchester
| M2 7HD
| Barclays Bank PLC
| PO Box 3333
| One Snowhill
| Snowhill Queensway
| Birmingham
| B3 2WN
WWY (HOLDINGS) LIMITED CONTENTS
| Page
Group strategic report | 1 - 3
Directors' report | 4 - 6
Directors' responsibilities statement | 7
Independent auditors' report | 8 - 11
Consolidated statement of comprehensive income | 12
Consolidated balance sheet | 13 - 14
Company balance sheet | 15
Consolidated statement of changes in equity | 16
Company statement of changes in equity | 17
Consolidated statement of cash flows | 18 - 19
Notes to the financial statements | 20 - 46
WWY (HOLDINGS) LIMITED GROUP STRATEGIC REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025
INTRODUCTION
The Group's principal activities continued to be those of importers, wholesalers and distributors of oriental foods and general merchandise. The principal activity of the Company during the year was that of a holding company. We aim to present a balanced and comprehensive review of the development and performance of our business during the year and its position at the year end. Our review is consistent with the size and non-complex nature of our business and is written in the context of the risks and uncertainties that we face.
BUSINESS REVIEW
As an importer, wholesaler and distributor of oriental foods and general merchandise the Group has no requirement to split its business into separate divisions as its entire turnover relates to this activity.
PRINCIPAL RISKS AND UNCERTAINTIES
The Group takes risk management very seriously. It has a formal risk committee which meets regularly throughout the year and maintains both a strategic and a detailed risk register. The principal risks are then reported to and reviewed by the Board on a twice-yearly basis. The Group remains cautious and encourages following safe procedures in all our sites by both staff and customers alike. To that end, a dedicated health and safety manager was appointed last year and they have been proactive in visiting sites, auditing and developing procedures to mitigate risks wherever necessary. The global events which have occurred both during the year and since the year end have continued to create challenging market conditions and, as ever, the Group will continue to meet and respond to these challenges as they arise. Labour markets in the UK generally appear to have eased slightly, possibly due to the problems facing the hospitality industry. However, attracting and sourcing employees of the quality required by the Group continues to be difficult. The Group has always endeavoured to only employ colleagues who it believes will engage in its core values and be with the business or the long term and once engaged it makes every effort to retain them. The Group also engages with Universities and has an active programme to support undergraduate courses which are complementary to its core business including providing placement years to suitable candidates. In addition to the above other risks and uncertainties such as exchange rate fluctuations, climate change and how it affects the state of worldwide agriculture continue to provide challenges. However, given the overall performance of the Group during the last few years, the Directors remain confident the business is as robust as it can be to continue to meet future challenges. This confidence is reflected in the continuous major investments being made by the Group and the Directors remain prepared to deal with changes in the operating environment as and when they occur. Notwithstanding the above, the Group continues with plans for the future growth and development of the business and continuously explores and considers projects that will be relevant to the sector going forwards as changes in the operating environment occur. To that end, the construction of a new cold store facility at the Birmingham site is due to be completed and commissioned in March 2026. This will provide much needed on site cold storage which until now has had to be sourced externally. Furthermore, in December 2025 the Group opened its first “convenience” store in Watford and is currently advanced in plans to open two more early in 2026 followed by other opportunities which should be rolled out during the current year. These include the acquisition of two freeholds which have been achieved since the year end. The joint venture project with an oriental vegan food producer to sell and distribute its products online has continued during the year with sales increasing modestly but, at the year end, plans are in place to undertake a major online marketing campaign with a view of increasing sales significantly. Page 1
WWY (HOLDINGS) LIMITED GROUP STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025
FINANCIAL KEY PERFORMANCE INDICATORS
We consider that our key financial performance indicators are those that communicate our financial performance and strength of the Company as a whole and these are:
|  | Group | Group
|  | 2025 | 2024
|  | £000 | £000
| Turnover | 176,514 | 171,888
| Profit before tax | 6,541 | 9,848
|  | Group | Group
|  | 2025 | 2024
|  | % | %
| Gross profit | 19 | 19
DIRECTORS' STATEMENT OF COMPLIANCE WITH DUTY TO PROMOTE THE SUCCESS OF THE GROUP
A director of a company must act in the way they consider, in good faith, would be most likely to promote the success of the company for the benefit of its members as a whole, and in doing so have regard (amongst other matters) to: (a) the likely consequences of any decision in the long term, (b) the interests of the company's employees, (c) the need to foster the company's business relationships with suppliers, customers and others, (d) the impact of the company's operations on the community and the environment, (e) the desirability of the company maintaining a reputation for high standards of business conduct, and (f) the need to act fairly between members of the company.
OUR MISSION AND HOW WE STRIVE TO ACHIEVE IT
Our mission is to be the leading supplier of oriental food and related products in the UK. To achieve this, we passionately commit to engaging with all our stakeholders, the key ones being: customers, employees and suppliers. Our objective is to maintain and grow our loyal and satisfied customer base which is served by engaged and motivated employees supplying market leading products from our suppliers. Decisions are taken on a day to day basis by the management team and the Board meets bimonthly to review the operating performance and to consider and make key decisions.
ENGAGEMENT WITH STAKEHOLDERS
In order to discharge the directors’ duties under Section 172 of The Companies Act key stakeholders are considered throughout the directors’ decision making process. It is the firmly held belief that the ongoing success of the Group is dependent on engaging with key stakeholders in this way. Page 2
WWY (HOLDINGS) LIMITED GROUP STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025
EMPLOYEES
The Board is committed to recruiting and retaining engaged and motivated employees who are willing and able to contribute to the success of the Group. The Group continuously works towards improving its recruitment, onboarding, engagement, and development process. A comprehensive suite of policies has been produced, and is constantly reviewed and updated, to ensure consistency of operations across the Group. The Group is committed to equal opportunities for all, regardless of sex, race, disability, sexual orientation, religion / belief, age, colour, trade union membership, nationality or ethnic origin. Disabled persons' applications are always fully considered, bearing in mind the abilities of the applicant concerned. Where a member of staff becomes disabled, every effort is made to ensure their employment with the Group continues and that appropriate training is arranged. It is the policy of the Group that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.
SUPPLIERS
Our team of Category Managers, with many years’ experience, have developed a worldwide network of suppliers who are able to supply the range and quality of products our customers demand. It is the Board’s policy to ensure that we are not overly reliant on any one supplier. Suppliers are continuously monitored and assessed to ensure they provide us with the quality we demand and that they have the requisite technical capability to comply with appropriate food safety and quality accreditation. The Group is further committed to ensuring that it only deals with suppliers who have the same ethics and standards of integrity as our own, particularly with regards to Modern Slavery.
CUSTOMERS
Most customers visit our stores on a regular basis to make their purchases, so engaging with them is a continuous process. In many cases they have been customers for a number of years so strong bonds have been developed between them and members of staff resulting in feedback being obtained on an ongoing basis.
COMMUNITY
The Group recognises the importance of engaging with its local communities in a variety of ways. There is a separately constituted charity, The W. Wing Yip & Brothers Foundation, which sits alongside the Group and makes grants to a variety of organisations and individuals representing worthy causes. This report was approved by the board and signed on its behalf.
N J Potts Director
Date: 2 April 2026
Page 3
WWY (HOLDINGS) LIMITED DIRECTORS' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025 The directors present their report and the financial statements for the year ended 30 September 2025.
RESULTS AND DIVIDENDS
The profit for the year, after taxation and minority interests, amounted to £3,760,000 (2024:£7,423,000). Dividends of £1,511,000 (2024: £799,000) were proposed and paid during the year.
DIRECTORS
The directors who served during the year were:
A S Y Wing Yip
B J S H Wing Yip
P M Larmouth
J R Bates
J A Hendley
N J Potts
GREENHOUSE GAS EMISSIONS, ENERGY CONSUMPTION AND ENERGY EFFICIENCY ACTION
The Directors consider the greenhouse gas (GHG) emissions, energy consumption, and energy efficiency action at a group level and therefore the below disclosure is on a Group basis. The Group is firmly committed to operating in a green and sustainable manner and takes its responsibilities in these areas extremely seriously. Wing Yip has implemented several energy-saving projects during the reporting period under review with the aim to improve their overall energy efficiency and reduce their carbon emissions. During the reporting year under review, door heaters have been installed in the Croydon site. These improve energy efficiency by preventing warm indoor air from escaping and cold outdoor air from entering, while also keeping out dust, insects, and fumes. As well as this, the group’s Birmingham site had their gas boilers replaced with water heaters and electric radiators in remaining areas of the building, this completes their project from the previous financial year to replace all gas boilers across the site with alternative means. Also, within the Birmingham site three EV charging stations were installed during August 25. No “green” electricity tariffs or other market-based instruments were used in the SECR period under review in the form of certified or uncertified carbon offsets. These may be considered in the future. However, the focus is on delivering true emission reduction. During the year the Group continued its engagement of a third party to audit, review, and recommend energy conservation initiatives. This includes reviewing the Groups property estate with an objective to maximise the use of solar photovoltaic arrays wherever practical. An internal committee also meets to enact Group wide suggestions on how to reduce energy usage throughout day to day operations. We have continued to purchase a renewable energy tariff for all half hourly metered electricity supplies, backed by REGO certificates. No other certified or uncertified carbon offsets have been used. These may be considered in the future. However, the focus is on delivering true emission reduction. The baseline GHG report previously prepared has been continuously updated and reviewed to further understand what will be required to achieve “net zero” in a timescale which reflects the climate crisis. Page 4
WWY (HOLDINGS) LIMITED DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 GREENHOUSE GAS EMISSIONS, ENERGY CONSUMPTION AND ENERGY EFFICIENCY ACTION (CONTINUED) Wing Yip’s Total Energy Consumption (TEC) was 7,179,522 kWh over the SECR reference period 01/10/2024 to 30/09/2025. During the period under review, the group generated Scope 1 265.75 tCO2e, Scope 2 1,059.05 tCO2e and Scope 3 122.59 tCO2e emissions totalling 1,447.39 tonnes of CO2e. Wing Yips’ emissions intensity ratio for the current SECR reference period was 7.69 tonnes CO2e per £m Sales Revenue, whilst for the previous SECR review period (01/10/2023 to 30/09/2024) their emissions were 9.30 tonnes CO2e per £m Sales Revenue. The group’s total CO2 emissions reduced by circa 15.5% compared to the previous SECR period (01/10/2023 to 30/09/2024), this showcases the organisations commitment to carrying out all business activities in a sustainable manner. The table below shows the total emissions generated by each scope, for the current reporting period and the previous reporting period:
| 2025 | 2024
| tCO2e | tCO2e
Emissions from combustion gas tCO2e | 39 | 46
Emissions from combustion of fuel for transport purposes tCO2e | 227 | 238
Emissions from business travel in rental cars or employee-owned vehicles where company is responsible for purchasing the fuel tCO2e | 123 | 128
Emissions from purchased electricity tCO2e | 1,059 | 1,302
Total Gross CO2e | 1,448 | 1,714
DISCLOSURE OF INFORMATION TO AUDITORS
Each of the persons who are directors at the time when this Directors' report is approved has confirmed that: ∙so far as the director is aware, there is no relevant audit information of which the Company and the Group's auditors are unaware, and ∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company and the Group's auditors are aware of that information.
POST BALANCE SHEET EVENTS
Post balance sheet events have been disclosed in the notes to these financial statements.
AUDITORS
The auditors, Bishop Fleming Audit Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006. Page 5
WWY (HOLDINGS) LIMITED DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 This report was approved by the board and signed on its behalf.
N J Potts Director
Date: 2 April 2026
Page 6
WWY (HOLDINGS) LIMITED DIRECTORS' RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2025 The directors are responsible for preparing the Group strategic report, the Directors' report and the consolidated 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 for the Group's financial statements and then apply them consistently; ∙make judgments and accounting estimates that are reasonable and prudent; ∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group 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 the Group and to 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. Page 7
WWY (HOLDINGS) LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WWY (HOLDINGS) LIMITED
OPINION
We have audited the financial statements of WWY (Holdings) Limited (the 'Parent Company') and its subsidiaries (the 'Group') for the year ended 30 September 2025, which comprise the Consolidated statement of comprehensive income, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, 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's affairs as at 30 September 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 United Kingdom, including the Financial Reporting Council'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 or 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 other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. 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. Page 8
WWY (HOLDINGS) LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WWY (HOLDINGS) LIMITED (CONTINUED)
OPINION 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 Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and ∙the Group strategic report and the Directors' report 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 Directors' report. We have nothing to report in respect of the following matters in relation to which 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 Directors' responsibilities statement set out on page 7, 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 is 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. Page 9
WWY (HOLDINGS) LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WWY (HOLDINGS) LIMITED (CONTINUED)
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 an Auditors' report 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 Group financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. We have considered the following: ∙The nature of the industry and sector, control environment and business performance; ∙Results of our enquires of management and directors in relation to their own identification and assessment of the risks of irregularities within the Group and Company; and, ∙Any matters we identified having obtained and reviewed the Group's and Company’s documentation of their policies and procedures relating to: identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; the internal controls established to mitigate risks of fraud or noncompliance with laws and regulations. As a result of these procedures, we have considered the opportunities and incentives that may exist within the organisation for fraud and identified the areas of high risk to be in relation to revenue recognition. In common with all audits under ISAs (UK) we are also required to perform specific procedures to respond to the risk of management override. We have also obtained an understanding of the legal and regulatory frameworks that the Group and Company operates in, focussing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures within the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, Financial Reporting Standard 102 and UK tax legislation. In addition we considered the provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental for the Group's and Company’s ability to operate or avoid a material penalty. These included safeguarding regulations, health and safety regulations; employment legislation; and data protection laws. Our audit procedures performed to respond to the risks identified included, but were not limited to: ∙Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements; ∙Reviewing the financial statement disclosures and testing to supporting documentation to assess the recognition of revenue; ∙Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulation and fraud; ∙Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; ∙Reviewing board minutes; ∙Identifying and testing journal entries, evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud; and, ∙Challenging assumptions and judgements made by management in their significant accounting estimates. Page 10
WWY (HOLDINGS) LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WWY (HOLDINGS) LIMITED (CONTINUED) We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from an error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
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 an Auditors' report 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. Christian Crawford ACA (Senior statutory auditor) for and on behalf of Bishop Fleming Audit Limited Chartered Accountants Statutory Auditors 55 Colmore Row Birmingham B3 2AA 2 April 2026 Page 11
WWY (HOLDINGS) LIMITED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 SEPTEMBER 2025
| 2025 | 2024
Note | £000 | £000
Turnover | 4 | 176,514 | 171,888
Cost of sales |  | (143,244) | (138,660)
Gross profit |  | 33,270 | 33,228
Administrative expenses |  | (25,204) | (24,594)
Other operating income | 5 | 470 | 2,246
Fair value movements |  | (1,037) | 216
Operating profit | 6 | 7,499 | 11,096
Share of losses in joint venture |  | (30) | (58)
Total operating profit |  | 7,469 | 11,038
Interest receivable and similar income | 10 | 462 | 632
Interest payable and similar expenses | 11 | (1,390) | (1,822)
Profit before taxation |  | 6,541 | 9,848
Tax on profit | 12 | (2,328) | (853)
Profit for the financial year |  | 4,213 | 8,995
Profit for the year attributable to: |  |  |
Non-controlling interests |  | 453 | 1,572
Owners of the Parent Company |  | 3,760 | 7,423
|  | 4,213 | 8,995
The notes on pages 20 to 46 form part of these financial statements.
Page 12
WWY (HOLDINGS) LIMITED REGISTERED NUMBER:11637691 CONSOLIDATED BALANCE SHEET AS AT 30 SEPTEMBER 2025
|  | 2025 |  | 2024
Note |  | £000 |  | £000
Fixed assets |  |  |  |  |
Intangible assets | 14 |  | (959) |  | (959)
Tangible assets | 15 |  | 53,251 |  | 46,961
Investments | 16 |  | 20 |  | 50
Investment property | 17 |  | 35,761 |  | 36,716
|  |  | 88,073 |  | 82,768
Current assets |  |  |  |  |
Stocks | 18 | 25,789 |  | 22,451 |
Debtors: amounts falling due within one year | 19 | 7,443 |  | 3,569 |
Cash at bank and in hand | 21 | 19,139 |  | 25,432 |
|  | 52,371 |  | 51,452 |
Creditors: amounts falling due within one year | 22 | (53,533) |  | (40,754) |
Net current (liabilities)/assets |  |  | (1,162) |  | 10,698
Total assets less current liabilities |  |  | 86,911 |  | 93,466
Creditors: amounts falling due after more than one year | 23 |  | (7,153) |  | (7,604)
Provisions for liabilities |  |  |  |  |
Deferred taxation | 25 | (1,543) |  | (533) |
|  |  | (1,543) |  | (533)
Net assets |  |  | 78,215 |  | 85,329
Page 13
WWY (HOLDINGS) LIMITED REGISTERED NUMBER:11637691 CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 30 SEPTEMBER 2025
|  | 2025 |  | 2024
Note |  | £000 |  | £000
Capital and reserves |  |  |  |  |
Called up share capital | 26 |  | 34,527 |  | 34,527
Other reserves | 27 |  | 2,808 |  | 2,866
Merger reserve | 27 |  | (34,427) |  | (34,427)
Profit and loss account | 27 |  | 70,392 |  | 68,143
Equity attributable to owners of the Parent Company |  |  | 73,300 |  | 71,109
Non-controlling interests |  |  | 4,915 |  | 14,220
|  |  | 78,215 |  | 85,329
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 April 2026.
B J S H Wing Yip | N J Potts
Director | Director
The notes on pages 20 to 46 form part of these financial statements. Page 14
WWY (HOLDINGS) LIMITED REGISTERED NUMBER:11637691 COMPANY BALANCE SHEET AS AT 30 SEPTEMBER 2025
|  | 2025 |  | 2024
Note |  | £000 |  | £000
Fixed assets |  |  |  |  |
Tangible assets | 15 |  | 35,912 |  | 36,654
Investments | 16 |  | 34,627 |  | 59,941
Investment Property | 17 |  | 10,300 |  | 3,707
|  |  | 80,839 |  | 100,302
Current assets |  |  |  |  |
Debtors: amounts falling due after more than one year | 19 | 5,027 |  | - |
Debtors: amounts falling due within one year | 19 | 22,138 |  | 465 |
Current asset investments | 20 | - |  | 6,328 |
|  | 27,165 |  | 6,793 |
Creditors: amounts falling due within one year | 22 | (27,957) |  | (27,679) |
Net current liabilities |  |  | (792) |  | (20,886)
Total assets less current liabilities |  |  | 80,047 |  | 79,416
Creditors: amounts falling due after more than one year | 23 |  | (7,153) |  | (45,418)
Net assets |  |  | 72,894 |  | 33,998
Capital and reserves |  |  |  |  |
Called up share capital | 26 |  | 34,527 |  | 34,527
Profit and loss account | 27 |  | 38,367 |  | (529)
|  |  | 72,894 |  | 33,998
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 April 2026.
B J S H Wing Yip | N J Potts
Director | Director
The notes on pages 20 to 46 form part of these financial statements. Page 15

WWY (HOLDINGS) LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 SEPTEMBER 2025
|  | Called up share capital | Other reserves | Merger reserve | Profit and loss account | Equity attributable to owners of Parent Company | Non-controlling interests | Total equity
|  | £000 | £000 | £000 | £000 | £000 | £000 | £000
| At 1 October 2023 | 34,527 | 2,866 | (34,427) | 61,519 | 64,485 | 12,764 | 77,249
| Profit for the year | - | - | - | 7,423 | 7,423 | 1,572 | 8,995
| Dividends | - | - | - | (799) | (799) | (116) | (915)
| At 1 October 2024 | 34,527 | 2,866 | (34,427) | 68,143 | 71,109 | 14,220 | 85,329
| Profit for the year | - | - | - | 3,760 | 3,760 | 453 | 4,213
| Purchase of shares in subsidiary | - | (58) | - | - | (58) | (7,085) | (7,143)
| Dividends | - | - | - | (1,511) | (1,511) | (2,673) | (4,184)
| At 30 September 2025 | 34,527 | 2,808 | (34,427) | 70,392 | 73,300 | 4,915 | 78,215
| The notes on pages 20 to 46 form part of these financial statements.
Page 16

WWY (HOLDINGS) LIMITED COMPANY STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 SEPTEMBER 2025
| Called up share capital | Profit and loss account | Total equity
| £000 | £000 | £000
At 1 October 2023 | 34,527 | (27) | 34,500
Profit for the year | - | 297 | 297
Dividends | - | (799) | (799)
At 1 October 2024 | 34,527 | (529) | 33,998
Profit for the year | - | 40,407 | 40,407
Dividends | - | (1,511) | (1,511)
At 30 September 2025 | 34,527 | 38,367 | 72,894
| The notes on pages 20 to 46 form part of these financial statements.
Page 17
WWY (HOLDINGS) LIMITED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2025
|  |  | 2025 | 2024
|  |  | £000 | £000
Cash flows from operating activities |  |
Profit for the financial year | 4,213 | 8,995
Adjustments for: |  |
Depreciation of tangible assets | 2,115 | 2,080
Loss on disposal of tangible assets | - | 120
Interest paid | 1,390 | 1,822
Interest received | (460) | (632)
Taxation charge | 2,328 | 853
(Increase) in stocks | (3,338) | (1,377)
(Increase)/decrease in debtors | (1,861) | 672
(Increase)/decrease in amounts owed by participating ints | (677) | 903
Increase/(decrease) in creditors | 7,435 | (3,631)
Net fair value losses/(gains) recognised in P&L | 1,037 | (216)
Share of operating loss in joint ventures | 30 | 58
Corporation tax (paid) | (3,920) | (2,279)
Net cash generated from operating activities | 8,292 | 7,368
Cash flows from investing activities |  |
Purchase of tangible fixed assets | (8,479) | (2,359)
Sale of tangible fixed assets | 74 | 1
Purchase of investment properties | (82) | (304)
Purchase of share in joint ventures | - | (100)
Purchase of shares in subsidiary | (1,429) | -
Interest received | 460 | 632
Net cash from investing activities | (9,456) | (2,130)
Page 18
WWY (HOLDINGS) LIMITED CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025
|  | 2025 | 2024
|  | £000 | £000
Cash flows from financing activities |  |
Repayment of loans | (6,631) | (5,798)
Dividends paid | (1,511) | (799)
Non-controlling interest dividends paid | (633) | (116)
Interest paid | (1,390) | (1,822)
Net cash used in financing activities | (10,165) | (8,535)
Net (decrease) in cash and cash equivalents | (11,329) | (3,297)
Cash and cash equivalents at beginning of year | 19,334 | 22,631
Cash and cash equivalents at the end of year | 8,005 | 19,334
Cash and cash equivalents at the end of year comprise: |  |
Cash at bank and in hand | 19,139 | 25,432
Bank overdrafts | (11,134) | (6,098)
| 8,005 | 19,334
Page 19
WWY (HOLDINGS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
1. | GENERAL INFORMATION
WWY (Holdings) Limited (the Company) is a private limited company, limited by shares and incorporated and registered in England, United Kingdom. The address of the registered office and registered number are given in the company information of these financial statements. The places of business are Nechells Park Road, Nechells, Birmingham, B7 5NT, 544 Purley Way, Croydon, London, CR0 4NZ, 395 Edgware Road, Cricklewood, London, NW2 6LN and Oldham Road, Ancoats, Manchester, M4 5HU. 2.ACCOUNTING POLICIES
| 2.1 | BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies (see note 3). The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements. The following principal accounting policies have been applied:
| 2.2 | BASIS OF CONSOLIDATION
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full. The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases.
| 2.3 | GOING CONCERN
The financial statements have been prepared on a going concern basis. The Group has net current liabilities of £1,162,000. In assessing the appropriateness of the going concern basis of accounting, the Directors have considered the Group's financial position, cash flow forecasts and available banking facilities for a period of at least 12 months from the date of approval of these financial statements The directors have prepared forecasts and projections which demonstrate that the Company and Group is expected to be able to meet its liabilities as they fall due. The Group has sufficient financial resources, together with secured banking facilities, to enable it to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements. Page 20
WWY (HOLDINGS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.4 | FOREIGN CURRENCY TRANSLATION
Functional and presentation currency The Group and Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
| 2.5 | TURNOVER
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Group and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised: Sale of goods Turnover from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Group has transferred the significant risks and rewards of ownership to the buyer; ∙the Group retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of turnover can be measured reliably; ∙it is probable that the Group will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
| 2.6 | OPERATING LEASES: THE GROUP AS LESSOR
Rental income from operating leases is credited to the Consolidated Statement of Comprehensive Income on a straight-line basis over the lease term. Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight-line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished. Page 21
WWY (HOLDINGS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.7 | OPERATING LEASES: THE GROUP AS LESSEE
Rentals paid under operating leases are charged to the Consolidated Statement of Comprehensive Income on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.8 | PENSIONS
DEFINED CONTRIBUTION PENSION PLAN The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Group in independently administered funds.
| 2.9 | CURRENT AND DEFERRED TAXATION
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company and the Group operate and generate income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Page 22
WWY (HOLDINGS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.10 | INTANGIBLE ASSETS
Goodwill Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer's interest in the fair value of the Group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Negative goodwill arises where the purchase price of the business combination is less than the fair value of the Group's share of its identifiable assets and liabilities of the acquiree on acquisition. Subsequent to the initial recognition, negative goodwill is recognised in the Consolidated statement of comprehensive income in the period in which the value of the non-monetary assets acquired is realised.
| 2.11 | TANGIBLE FIXED ASSETS
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. At each reporting date the Group assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. The Group adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Group. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Freehold property | - | 2% following completion of development
|  |  |  | Short-term leasehold property | - | Over the term of the lease
|  |  |  | Plant and machinery | - | Between 15% and 25%
|  |  |  | Motor vehicles | - | 25%
|  |  |  | Freezer unit | - | 4%
|  |  |  | Assets under construction | - | None
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Page 23
WWY (HOLDINGS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.12 | Impairment of fixed assets and goodwill
Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purpose of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.
| 2.13 | INVESTMENT PROPERTY
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
| 2.14 | VALUATION OF INVESTMENTS
Investments in subsidiaries are measured at cost less accumulated impairment. Loans to related undertakings are measured at transaction price, less any impairment.
| 2.15 | ASSOCIATES AND JOINT VENTURES
An entity is treated as a joint venture where the Group is a party to a contractual agreement with one or more parties from outside the Group to undertake an economic activity that is subject to joint control. An entity is treated as an associated undertaking where the Group exercises significant influence in that it has the power to participate in the operating and financial policy decisions. In the consolidated accounts, interests in associated undertakings are accounted for using the equity method of accounting. Under this method an equity investment is initially recognised at the transaction price (including transaction costs) and is subsequently adjusted to reflect the investors share of the profit or loss, other comprehensive income and equity of the associate. The Consolidated statement of comprehensive income includes the Group's share of the operating results, interest, pre-tax results and attributable taxation of such undertakings applying accounting policies consistent with those of the Group. In the Consolidated balance sheet, the interests in associated undertakings are shown as the Group's share of the identifiable net assets, including any unamortised premium paid on acquisition. Any premium on acquisition is dealt with in accordance with the goodwill policy.
| 2.16 | STOCKS
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss. Page 24
WWY (HOLDINGS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.17 | DEBTORS
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.18 | CASH AND CASH EQUIVALENTS
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. In the Consolidated statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Group's cash management.
| 2.19 | CREDITORS
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.20 | PROVISIONS FOR LIABILITIES
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.21 | FINANCIAL INSTRUMENTS
The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Group's Balance sheet when the Group 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. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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. Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Page 25
WWY (HOLDINGS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.21 | FINANCIAL INSTRUMENTS (CONTINUED)
Other financial assets Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment. Impairment of financial assets At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Basic 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 the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Group transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Group will continue to recognise the value of the portion of the risks and rewards retained. Page 26
WWY (HOLDINGS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.21 | FINANCIAL INSTRUMENTS (CONTINUED)
Derecognition of financial liabilities Financial liabilities are derecognised when the Group's contractual obligations expire or are discharged or cancelled.
| 2.22 | DIVIDENDS
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Page 27
WWY (HOLDINGS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
3. | JUDGMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY
In applying the Group's accounting policies as described in note 2, the Group's management are required to exercise judgement and make estimates and assumptions concerning the Group's future. Estimates, assumptions and judgements are continually evaluated and are based on historical experience and other factors considered relevant, including expectations of future events that are believed to be reasonable under the circumstances. In preparing these consolidated financial statements, the directors have made the following judgements: ∙Carrying value of investment property. The Group assesses the carrying value of investment property with reference to their knowledge of local property markets and, where considered necessary, by obtaining valuations from independent property valuers. ∙Impairment of non-current assets. The Group assesses the impairment of property, plant and equipment subject to depreciation whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Factors considered important that could trigger an impairment review include the following: −Significant underperformance relative to historical or projected future operating results; −Significant changes in the use of the acquired assets or business strategy; −Significant negative industry or economic trends. ∙Negative goodwill. The directors have assessed the period over which negative goodwill which has arisen on business combinations during the year should be released. A review of the non-monetary assets which were acquired as part of the business combination, which was investment property, was performed and the directors have made an appropriate assessment as to the period over which non-monetary assets should be released. The directors continue to assess the period over which the non-monetary assets will be recovered and will make appropriate judgements in future periods. In preparing the company financial statements, the directors have made the following judgements: ∙Recoverability of related undertaking debt. The directors have made a judgement concerning the recoverability of the loans owed to the Company by a group undertaking (see notes 17 and 18). In concluding that the loans are recoverable, the directors have considered the future trading and cashflow forecasts of the group undertaking in relation to its commitment to make repayments of the loan as it falls due in accordance with the terms of the loan agreement. ∙Carrying value of investment property. The Group assesses the carrying value of investment property with reference to their knowledge of local property markets and, where considered necessary, by obtaining valuations from independent property valuers.
4. | TURNOVER
The whole of the turnover is attributable to the sale of oriental foods and general merchandise.
| All turnover arose within the United Kingdom.
Page 28
WWY (HOLDINGS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
5. | OTHER OPERATING INCOME
|  |  |  |  | 2025 | 2024
|  |  |  |  | £000 | £000
| Net rents receivable | 470 | 2,246
|  | 470 | 2,246
6. | OPERATING PROFIT
| The operating profit is stated after charging:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £000 | £000
| Depreciation of tangible fixed assets | 2,115 | 2,080
| Other operating lease rentals | 1,767 | 733
| Defined contribution pension cost | 399 | 320
7. | AUDITORS' REMUNERATION
| During the year, the Group obtained the following services from the Company's auditors::
|  |  |  |  | 2025 | 2024
|  |  |  |  | £000 | £000
| Fees payable to the Group's auditor for the audit of the subsidiary financial statements | 13 | 16
| Fees payable to the Group's auditor for all other services | 57 | 46
| Fees payable to the Group's auditor for all other services | 21 | 25
Page 29
WWY (HOLDINGS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
8. | EMPLOYEES
| Staff costs, including directors' remuneration, were as follows:
|  | Group | Group
|  | 2025 | 2024
|  | £000 | £000
| Wages and salaries | 9,397 | 9,402
| Social security costs | 991 | 889
| Cost of defined contribution scheme | 399 | 320
|  | 10,787 | 10,611
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Management | 14 | 15
|  | Warehousing | 70 | 52
|  | Delivery | 5 | 4
|  | Administration | 34 | 36
|  | Sales | 214 | 235
|  |  | 337 | 342
9. | DIRECTORS' REMUNERATION
|  | Group | Group
|  | 2025 | 2024
|  | £000 | £000
| Directors emoluments | 1,439 | 1,410
| Group contributions to defined contribution pension schemes | 142 | 45
|  | 1,581 | 1,455
| During the year retirement benefits were accruing to 8 directors (2024: 7) in respect of defined contribution pension schemes. The highest paid director received remuneration of £272,000 (2024: £242,000). The value of the Group's contributions paid to defined benefit pension scheme in respect of the highest paid director amount to £Nil (2024: £Nil).
Page 30
WWY (HOLDINGS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
10. | INTEREST RECEIVABLE
|  |  |  |  | 2025 | 2024
|  |  |  |  | £000 | £000
| Bank interest receivable | 462 | 632
|  | 462 | 632
11. | INTEREST PAYABLE AND SIMILAR EXPENSES
|  |  |  |  | 2025 | 2024
|  |  |  |  | £000 | £000
| Bank interest payable | 1,390 | 1,207
| Other loan interest payable | - | 1,535
| Loans from group undertakings | - | (920)
|  | 1,390 | 1,822
12. | TAXATION
|  |  |  |  | 2025 | 2024
|  |  |  |  | £000 | £000
| CORPORATION TAX |  |
| Current tax on profits for the year | 1,277 | 2,464
| Adjustments in respect of previous periods | 41 | (426)
|  | 1,318 | 2,038
| TOTAL CURRENT TAX | 1,318 | 2,038
| DEFERRED TAX |  |
| Origination and reversal of timing differences | 1,010 | 217
| Deferred tax adjustment in respect of prior years | - | (1,402)
| TOTAL DEFERRED TAX | 1,010 | (1,185)
|  | 2,328 | 853
Page 31
WWY (HOLDINGS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 12.TAXATION (CONTINUED)
| FACTORS AFFECTING TAX CHARGE FOR THE YEAR
| The tax assessed for the year is higher than (2024:lower than) the standard rate of corporation tax in the UK of 25% (2024:25%). The differences are explained below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £000 | £000
| Profit on ordinary activities before tax | 6,541 | 9,848
| Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024:25%) | 1,628 | 2,462
| EFFECTS OF: |  |
| Fixed asset differences | 197 | -
| Expenditure not deductible for tax purposes | 340 | 219
| Income not taxable for tax purposes | (102) | -
| Capital gain/(losses) | (444) | -
| Adjustments to corporation tax in respect of prior years | 42 | (426)
| Adjustment to deferred tax in respect of prior years | - | (1,402)
| Movement in deferred tax not recognised | 667 | -
| TOTAL TAX CHARGE FOR THE YEAR | 2,328 | 853
| FACTORS THAT MAY AFFECT FUTURE TAX CHARGES
There were no factors that may affect future tax charges.
13. | DIVIDENDS
|  |  |  |  | 2025 | 2024
|  |  |  |  | £000 | £000
| Dividends on Ordinary shares | 1,511 | 799
|  | 1,511 | 799
Page 32
WWY (HOLDINGS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
14. | INTANGIBLE ASSETS
| Group
|  | Goodwill
|  | £000
| COST |
| At 1 October 2024 | (959)
| At 30 September 2025 | (959)
| NET BOOK VALUE |
| At 30 September 2025 | (959)
| At 30 September 2024 | (959)
Page 33

WWY (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
| 15. | TANGIBLE FIXED ASSETS
|  | Group
|  | Freehold property | Short-term leasehold property | Plant and machinery | Motor vehicles | Freezer unit | Assets under construction | Total
|  | £000 | £000 | £000 | £000 | £000 | £000 | £000
| COST OR VALUATION |  |  |  |  |  |  |
| At 1 October 2024 | 52,253 | 2,836 | 15,031 | 8 | 186 | 1,781 | 72,095
| Additions | 200 | 127 | 1,117 | 6 | - | 7,225 | 8,675
| Disposals | (196) | - | (184) | - | - | (49) | (429)
| Transfers between classes | - | (55) | (36) | 36 | 55 | - | -
| At 30 September 2025 | 52,257 | 2,908 | 15,928 | 50 | 241 | 8,957 | 80,341
| DEPRECIATION |  |  |  |  |  |  |
| At 1 October 2024 | 12,511 | 2,367 | 10,090 | 8 | 158 | - | 25,134
| Charge for the year | 780 | 7 | 1,314 | 4 | 10 | - | 2,115
| Disposals | - | - | (159) | - | - | - | (159)
| Transfers between classes | - | (55) | (36) | 36 | 55 | - | -
| At 30 September 2025 | 13,291 | 2,319 | 11,209 | 48 | 223 | - | 27,090
| NET BOOK VALUE |  |  |  |  |  |  |
| At 30 September 2025 | 38,966 | 589 | 4,719 | 2 | 18 | 8,957 | 53,251
| At 30 September 2024 | 39,742 | 469 | 4,942 | (1) | 28 | 1,781 | 46,961
Page 34

WWY (HOLDINGS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 15.TANGIBLE FIXED ASSETS (CONTINUED)
| Company
|  | Freehold property
|  | £000
| COST OR VALUATION |
| At 1 October 2024 | 37,316
| Additions | 200
| Disposals | (196)
| At 30 September 2025 | 37,320
| DEPRECIATION |
| At 1 October 2024 | 662
| Charge for the year | 746
| At 30 September 2025 | 1,408
| NET BOOK VALUE |
| At 30 September 2025 | 35,912
| At 30 September 2024 | 36,654
Page 35
WWY (HOLDINGS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
16. | FIXED ASSET INVESTMENTS
| Group
|  | Unlisted investments | Loans to associates | Investment in joint ventures | Total
|  | £000 | £000 | £000 | £000
| COST OR VALUATION |  |  |  |
| At 1 October 2024 | 8 | - | 42 | 50
| Additions | - | (10,005) | - | (10,005)
| Disposals | - | 10,005 | - | 10,005
| Share of profit/(loss) | - | - | (30) | (30)
| At 30 September 2025 | 8 | - | 12 | 20
| Company
|  | Investments in subsidiary companies | Loans to subsidiaries | Investment in joint ventures | Total
|  | £000 | £000 | £000 | £000
| COST OR VALUATION |  |  |  |
| At 1 October 2024 | 34,527 | 25,314 | 100 | 59,941
| Disposals | - | (25,314) | - | (25,314)
| At 30 September 2025 | 34,527 | - | 100 | 34,627
Page 36
WWY (HOLDINGS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
| SUBSIDIARY UNDERTAKINGS
| The following were subsidiary undertakings of the Company:
| Name | Registered office | Class of shares | Holding
| WWYC (Holdings) Limited | See below | Ordinary | 100%
| WWYC Limited | See below | Ordinary | 100%
| W. Wing Yip & Brothers Trading Group Ltd | See below | Ordinary | 100%
| W. Wing Yip PLC | See below | Ordinary | 100%
| W. Wing Yip (London) Limited | See below | Ordinary | 94%
| W. Wing Yip (Manchester) Limited | See below | Ordinary | 75%
| WY Didi Limited | See below | Ordinary | 100%
| Priority Cold Store (Midlands) Limited | See below | Ordinary | 100%
| W. Wing Yip (Mail Order) Limited | See below | Ordinary | 100%
| W. Wing Yip (International Trading) Limited | See below | Ordinary | 100%
| W. Wing Yip and Brothers (Holdings) Limited | See below | Ordinary | 100%
| Nature's Charm UK Limited | See below | Ordinary | 50%
| The registered office of the subsidiaries is 375 Nechells Park Road, Nechells, Birmingham, B7 5NT.
Page 37
WWY (HOLDINGS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
17. | INVESTMENT PROPERTY
| Group
|  | Investment property
|  | £000
| VALUATION |
| At 1 October 2024 | 36,716
| Additions at cost | 82
| Surplus on revaluation | (1,037)
| AT 30 SEPTEMBER 2025 | 35,761
| The Directors have carefully considered the value of investment property at the balance sheet date with reference to their knowledge of local property markets and, where considered necessary, by obtaining valuations from independent property valuers and concluded the carrying amount is appropriate.
The 2025 valuations were made by Lambert Smith Hampton, on an open market value for existing use basis.
| AT 30 SEPTEMBER 2025
| Company
|  | Investment property
|  | £000
| VALUATION |
| At 1 October 2024 | 3,707
| Additions at cost | 7,630
| Surplus on revaluation | (1,037)
| AT 30 SEPTEMBER 2025 | 10,300
The 2025 valuations were made by Lambert Smith Hampton, on an open market value for existing use basis.
| AT 30 SEPTEMBER 2025
| The Directors have carefully considered the value of investment property at the balance sheet date with reference to their knowledge of local property markets and, where considered necessary, by obtaining valuations from independent property valuers and concluded the carrying amount is appropriate.
Page 38
WWY (HOLDINGS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
18. | STOCKS
|  | Group | Group
|  | 2025 | 2024
|  | £000 | £000
| Goods for resale | 25,789 | 22,451
|  | 25,789 | 22,451
19. | DEBTORS
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £000 | £000 | £000 | £000
| Due within more than one year |  |  |  |
| Amounts owed by group undertakings | - | - | 5,027 | -
|  | - | - | 5,027 | -
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £000 | £000 | £000 | £000
| Due within one year |  |  |  |
| Trade debtors | 366 | 309 | - | -
| Amounts owed by group undertakings | - | - | 18,987 | 324
| Amounts owed by related undertakings | 19 | 19 | - | -
| Other debtors | 4,122 | 383 | 1,041 | 39
| Prepayments and accrued income | 2,936 | 2,858 | 2,020 | -
| Deferred taxation (see note 24) | - | - | 90 | 102
|  | 7,443 | 3,569 | 22,138 | 465
20. | CURRENT ASSET INVESTMENTS
|  | Company | Company
|  | 2025 | 2024
|  | £000 | £000
| Loans owed by group undertakings | - | 6,328
|  | - | 6,328
| Loans are interest bearing at 1.5% above the Bank of England base rate.
Page 39
WWY (HOLDINGS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
21. | CASH AND CASH EQUIVALENTS
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £000 | £000 | £000 | £000
| Cash at bank and in hand | 19,139 | 25,432 | - | -
| Less: bank overdrafts | (11,134) | (6,098) | (6,007) | (6,098)
|  | 8,005 | 19,334 | (6,007) | (6,098)
22. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £000 | £000 | £000 | £000
| Bank overdrafts | 11,134 | 6,098 | 6,007 | 6,098
| Bank loans | 963 | 7,143 | 963 | 1,368
| Trade creditors | 18,286 | 14,378 | 13 | -
| Amounts owed to group undertakings | - | - | 10,417 | 19,781
| Amounts owed to other participating interests | 17,277 | 10,200 | 9,500 | -
| Corporation tax | 222 | 811 | - | -
| Other taxation and social security | 548 | 250 | 58 | 9
| Other creditors | 727 | 327 | - | -
| Accruals and deferred income | 4,376 | 1,547 | 999 | 423
|  | 53,533 | 40,754 | 27,957 | 27,679
| Secured creditors The bank loans and overdrafts are secured by a first legal charge over certain freehold property and freehold investment property, and a multilateral guarantee (see note 29).
23. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £000 | £000 | £000 | £000
| Bank loans | 7,153 | 7,604 | 7,153 | 7,604
| Amounts owed to group undertakings | - | - | - | 37,814
|  | 7,153 | 7,604 | 7,153 | 45,418
| Secured creditors The bank loans and overdrafts are secured by a first legal charge over certain freehold property and freehold investment property, and a multilateral guarantee (see note 29).
Page 40
WWY (HOLDINGS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
24. | LOANS
| Analysis of the maturity of loans is given below:
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £000 | £000 | £000 | £000
| AMOUNTS FALLING DUE WITHIN ONE YEAR |  |  |  |
| Bank loans | 963 | 7,143 | 963 | 1,368
|  | 963 | 7,143 | 963 | 1,368
| AMOUNTS FALLING DUE 1-2 YEARS |  |  |  |
| Bank loans | 1,016 | 1,368 | 1,016 | 1,368
|  | 1,016 | 1,368 | 1,016 | 1,368
| AMOUNTS FALLING DUE 2-5 YEARS |  |  |  |
| Bank loans | 6,137 | 6,236 | 6,137 | 6,236
|  | 6,137 | 6,236 | 6,137 | 6,236
|  | 8,116 | 14,747 | 8,116 | 8,972
25. | DEFERRED TAXATION
| Group
|  | 2025
|  | £000
| At beginning of year | (533)
| Charged to profit or loss | (1,010)
| AT END OF YEAR | (1,543)
Page 41
WWY (HOLDINGS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 25.DEFERRED TAXATION (CONTINUED)
| Company
|  | 2025
|  | £000
| At beginning of year | 102
| Charged to profit or loss | (13)
| AT END OF YEAR | 89
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £000 | £000 | £000 | £000
| (Accelerated)/decelerated capital allowances | (1,249) | (407) | 90 | 102
| Capital gains | (298) | - | - | -
| Rounding | - | - | - | -
| Short term timing differences | 4 | 19 | - | -
| Tax on investment property revaluation surplus | - | (145) | - | -
|  | (1,543) | (533) | 90 | 102
26. | SHARE CAPITAL
|  |  |  |  | 2025 | 2024
|  |  |  |  | £000 | £000
|  | ALLOTTED, CALLED UP AND FULLY PAID |  |
|  | 3,452,737,811,305 (2024:3,452,737,811,305) Ordinary Shares shares of £0.00001 each | 34,527 | 34,527
Page 42
WWY (HOLDINGS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
27. | RESERVES
Capital redemption reserve This reserve comprises the nominal value of share capital purchased by the Company. Other reserves The other reserve represents post-acquisition profits capitalised by way of bonus issues of shares in subsidiary undertaking, and movement due to purchase of shares from minority shareholders. Consequently this is not available for distribution. Merger Reserve During the 2020 financial year, WWY (Holdings) Limited acquired 100% of the subsidiary undertaking W. Wing Yip & Brothers Trading Group Limited by way of a share for share exchange. This acquisition has been accounted for under merger accounting. The merger reserve represents the nominal value of the shares issued, less the nominal value of the shares received and the capital redemption reserve of the subsidiary undertaking. Profit and loss account The current profit and loss account reserve includes all current and prior period retained profits and losses.
28. | ANALYSIS OF NET DEBT
|  | At 1 October 2024 | Cash flows | Acquisition and disposal of subsidiaries | At 30 September 2025
|  | £000 | £000 | £000 | £000
| Cash at bank and in hand | 25,432 | (4,864) | (1,429) | 19,139
| Bank overdrafts | (6,098) | (5,036) | - | (11,134)
| Debt due after 1 year | (7,604) | 451 | - | (7,153)
| Debt due within 1 year | (7,143) | 6,180 | - | (963)
|  | 4,587 | (3,269) | (1,429) | (111)
29. | CONTINGENT LIABILITIES
a) The Group and related companies are party to multilateral guarantees given to HSBC Bank Plc. The total balances guaranteed by the Company at the balance sheet date amounted to £16,304,712 (2024: £4,024,000). b) The multilateral guarantees given to HSBC Bank Plc (see above) and the bank loans provided by HSBC Bank Plc are secured on the assets of the Company by debentures with fixed and floating charges. c) As a result of the group registration arrangements for the value added tax (VAT), the Company is jointly and severally liable together with other members of the group, for any VAT due by the representative member of the group. At the balance sheet date the contingent liabilities were £Nil (2024: £Nil). Page 43
WWY (HOLDINGS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
30. | CAPITAL COMMITMENTS
| At 30 September 2025 the Group and Company had capital commitments as follows:
|  | Group | Group
|  | 2025 | 2024
|  | £000 | £000
| Contracted for but not provided in these financial statements | 5,268 | (527)
|  | 5,268 | (527)
31. | PENSION COMMITMENTS
The Group operates a defined contributions pension scheme. The assets of the schemes are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group to the fund and amounted to £399,000 (2024: £320,000). Contributions totalling £155,000 (2024: £131,000) were payable to the fund at the balance sheet date and are included in creditors. Page 44
WWY (HOLDINGS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
32. | COMMITMENTS UNDER OPERATING LEASES
| At 30 September 2025 the Group had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  | Group | Group
|  | 2025 | 2024
|  | £000 | £000
| Land & buildings |  |
| Not later than 1 year | 221 | 221
| Later than 1 year and not later than 5 years | 883 | 497
|  | 1,104 | 718
|  | Group | Group
|  | 2025 | 2024
|  | £000 | £000
| Other |  |
| Not later than 1 year | 252 | 268
| Later than 1 year and not later than 5 years | 484 | 574
| Later than 5 years | - | 7
|  | 736 | 849
| At 30 September 2025 the future aggregate minimum rentals receivable under non-cancellable operating leases are as follows:
|  | Group | Group
|  | 2025 | 2024
|  | £000 | £000
| Not later than 1 year | 443 | 176
| Later than 1 year and not later than 5 years | 1,596 | 323
|  | 2,039 | 499
Page 45
WWY (HOLDINGS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
33. | RELATED PARTY TRANSACTIONS
| During the year, the Group undertook the following transactions with related parties:
|  | 2025 | 2024
|  | £000 | £000
| W. Wing Yip & Brothers Property and Investments Ltd - Rent and service charge paid | 1,233 | 1,339
| W. Wing Yip & Brothers Property and Investments Ltd - Management charges received | 250 | 250
| W. Wing Yip & Brothers Property and Investments Ltd - Employment costs recharged | 215 | 219
| W. Wing Yip & Brothers Property and Investments Ltd - Other costs/expenses recharged | 665 | 118
| W. Wing Yip & Brothers Property and Investments Ltd - Insurance recharged | 95 | 87
| W. Wing Yip & Brothers Property and Investments Ltd - Interest paid | 319 | 615
| W. Wing Yip & Brothers Property and Investments Ltd - Loan | 9,500 | -
| Amounts owed to the Group at the year end | 7 | 3
| Amounts owed by the Group at the year end | - | 10,184
| Nature's Charm UK Limited - Sales | 11 | 4
| Nature's Charm UK Limited - Management charge received | - | 11
| Nature's Charm UK Limited - Costs recharged | - | 93
| W. Wing Yip (London) Limited - Creditor | 10,005 | -
| The above transactions were undertaken with companies which are related by virtue of the fact that the companies are under common control. During the year the Company paid dividends to directors of the Company who are also shareholders in the amount of £837,000 (2024: £443,000). The Company consider that their key management personnel are the Directors. Directors' remuneration is disclosed in note 8 to the accounts.
34. | POST BALANCE SHEET EVENTS
Since the year end, the Group has drawn down £8,000,000 under its HSBC loan facility, which was agreed prior to 30 September 2025. Since the year end, the Group has purchased two freehold properties for total consideration of £6,214,000.
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