IRIS Accounts Production v26.1.10.61 12430842 Board of Directors 30.9.25 1.10.24 30.9.25 30.9.25 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. a holding company. true true false true true false false false true false Ordinary 0 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 12430842 2024-09-30 12430842 2025-09-30 12430842 2024-10-01 2025-09-30 12430842 2023-03-31 12430842 2023-04-01 2024-09-30 12430842 2024-09-30 12430842 ns15:EnglandWales 2024-10-01 2025-09-30 12430842 ns14:PoundSterling 2024-10-01 2025-09-30 12430842 ns10:Director1 2024-10-01 2025-09-30 12430842 ns10:Consolidated 2025-09-30 12430842 ns10:ConsolidatedGroupCompanyAccounts 2024-10-01 2025-09-30 12430842 ns10:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 12430842 ns10:Consolidated ns10:MediumEntities 2024-10-01 2025-09-30 12430842 ns10:Consolidated ns10:Audited 2024-10-01 2025-09-30 12430842 ns10:SmallCompaniesRegimeForDirectorsReport 2024-10-01 2025-09-30 12430842 ns10:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 12430842 ns10:Consolidated 2024-10-01 2025-09-30 12430842 ns10:Consolidated ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-10-01 2025-09-30 12430842 ns10:Medium-sizedCompaniesRegimeForAccounts ns10:Consolidated 2024-10-01 2025-09-30 12430842 ns10:FullAccounts 2024-10-01 2025-09-30 12430842 1 2024-10-01 2025-09-30 12430842 ns10:OrdinaryShareClass1 2024-10-01 2025-09-30 12430842 ns10:Director2 2024-10-01 2025-09-30 12430842 ns10:Director3 2024-10-01 2025-09-30 12430842 ns10:RegisteredOffice 2024-10-01 2025-09-30 12430842 ns10:Consolidated 2023-04-01 2024-09-30 12430842 ns5:CurrentFinancialInstruments 2025-09-30 12430842 ns5:CurrentFinancialInstruments 2024-09-30 12430842 ns5:ShareCapital 2025-09-30 12430842 ns5:ShareCapital 2024-09-30 12430842 ns5:RetainedEarningsAccumulatedLosses 2025-09-30 12430842 ns5:RetainedEarningsAccumulatedLosses 2024-09-30 12430842 ns5:NetGoodwill 2024-10-01 2025-09-30 12430842 ns5:IntangibleAssetsOtherThanGoodwill 2024-10-01 2025-09-30 12430842 ns5:PatentsTrademarksLicencesConcessionsSimilar 2024-10-01 2025-09-30 12430842 ns5:OwnedOrFreeholdAssets ns5:LandBuildings 2024-10-01 2025-09-30 12430842 ns5:PlantMachinery 2024-10-01 2025-09-30 12430842 ns5:ComputerEquipment 2024-10-01 2025-09-30 12430842 ns5:CostValuation 2024-09-30 12430842 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-09-30 12430842 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-09-30 12430842 ns5:Non-currentFinancialInstruments 2025-09-30 12430842 ns5:Non-currentFinancialInstruments 2024-09-30 12430842 ns10:OrdinaryShareClass1 2025-09-30 12430842 ns5:RetainedEarningsAccumulatedLosses 2024-09-30 12430842 ns5:RetainedEarningsAccumulatedLosses 2024-10-01 2025-09-30

REGISTERED NUMBER: 12430842 (England and Wales)

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

FHS HOLDINGS LIMITED

| FHS HOLDINGS LIMITED (REGISTERED NUMBER: 12430842) |

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page |

| Company Information | 1 |

| Group Strategic Report | 2 |

| Report of the Directors | 3 |

| Report of the Independent Auditors | 4 |

| Consolidated Statement of Income and Retained Earnings | 8 |

| Consolidated Balance Sheet | 9 |

| Company Balance Sheet | 10 |

| Consolidated Cash Flow Statement | 11 |

| Notes to the Consolidated Cash Flow Statement | 12 |

| Notes to the Consolidated Financial Statements | 13 |

| FHS HOLDINGS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| DIRECTORS: | S J C McKenna

| J M McKenna

| Mrs S J McKenna

| REGISTERED OFFICE: | 27-29 Old Market

| Wisbech

| Cambridgeshire

| PE13 1NE

| REGISTERED NUMBER: | 12430842 (England and Wales)

| SENIOR STATUTORY AUDITOR: | C M Goad BFP FCA

| AUDITORS: | Stephenson Smart (East Anglia) Limited

| Chartered Accountants & Statutory Auditor

| 22-26 King Street

| King's Lynn

| Norfolk

| PE30 1HJ

| FHS HOLDINGS LIMITED (REGISTERED NUMBER: 12430842) |

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

The directors present their strategic report of the company and the group for the year ended 30 September 2025.

Review of the business

The principal activities of the group during the year were road haulage, vehicle maintenance, vehicle hire and repacking and labour providers.

Turnover increased during the year however gross profit margins saw a margin reduction due to challenging external conditions, notably labour cost pressures. The comparative figures relate to the 18-month period ended 30 September 2024.

The group continued to make significant investment in its assets during the year, resulting in increased depreciation charges and a reduction in operating profit.

The group's key financial and other performance indicators for the year were as follows:

| 30/09/2025 |  | 30/09/2024 |

| (12 months) |  | (18 months) |

| £ |  | £ |

Turnover |  | 16,131,750 |  | 20,252,979 |

Gross Profit |  | 3,843,743 |  | 5,168,307 |

Profit before taxation |  | 931,313 |  | 1,797,900 |

EBITDA |  | 2,673,613 |  | 4,076,651 |

The directors consider that the continued investments will assist the group in maintaining its position within the sector, supporting sustainable growth and protecting margins. Accordingly, the directors consider the group to be well placed for the future.

The directors thank the staff for their continued support and commitment.

Principal risks and uncertainties

The group operates in a competitive market and remains exposed to adverse external factors. The directors recognise the importance of managing margins to ensure that the business continues to serve its customers effectively. Inflationary pressures have affected all cost areas, particularly staffing and fuel.

Credit risk

The group is not dependent on any single customer, and debtor balances are actively monitored to reduce the risk of default.

Liquidity risk

The directors have reviewed the resources available to the group and are satisfied that sufficient resources are available to meet its obligations as they fall due.

Finance risk

The group maintains sufficient cash reserves to mitigate short- and medium-term adverse factors.

ON BEHALF OF THE BOARD:

S J C McKenna - Director

26 June 2026

| FHS HOLDINGS LIMITED (REGISTERED NUMBER: 12430842) |

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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

DIVIDENDS

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

DIRECTORS

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

S J C McKenna

J M McKenna

Mrs S J McKenna

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Stephenson Smart (East Anglia) Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

S J C McKenna - Director

26 June 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

FHS HOLDINGS LIMITED

Opinion

We have audited the financial statements of FHS Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 September 2025 which comprise the Consolidated Statement of Income and Retained Earnings, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the group's and of the parent company affairs as at 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 UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

FHS HOLDINGS LIMITED

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- | the parent company financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of directors' remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit.

Responsibilities of directors

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

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

FHS 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of possible irregularities, including fraud. Our procedures and the extent to which they are capable of detecting irregularities, including fraud is detailed below:

As part of the audit process, we identify and assess the risks of material misstatement to the financial statements as a result of susceptibility to irregularities, including fraud, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

To establish the risks in which to base our procedures on, some of the things we do are:

- Understand the company and its environment to identify events or conditions that may have a significant

effect on the risks of material misstatement, such as the nature of the company, external, industry and

regulatory factors (see further below), and the company's objectives and strategies;

- Review of the company's measurements of financial performance, including the key drivers for director's

remuneration;

- Review of the company's own assessment of the risks that irregularities may occur either as a result of fraud or error, including the likelihood and significance of potential misstatements resulting from those risks;

- Obtain an understanding of internal controls over the company's financial reporting, which includes

performing walkthroughs to test controls;

- Review matters we identified having assessed the company's documentation of their policies and procedures

relating to identifying, evaluating and complying with laws and regulations and whether they are aware of any

instances of non-compliance;

- Perform analytical procedures throughout the audit;

- Have internal discussions with the audit engagement team members regarding risks of material misstatement;

- Understand the selection and application of accounting policies and related disclosures in the financial

statements; in particular to areas involving significant management estimates and assumptions.

As above, we obtain an understanding of the legal and regulatory framework that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included:

- Those laws and regulations considered to have a direct effect on the financial statements include the UK

Financial Reporting Standards, Company Law (Companies Act 2006), Taxation and Pension legislation and

Distributable Profits legislation.

- Those laws and regulations for which non-compliance may be fundamental to the operating aspects of the

business and therefore may have a material effect on the financial statements include but are not limited to;

health and safety legislation; construction, design and management regulations; and employment regulation.

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 evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to fraudulent journal entries, designed to manipulate the financial performance and/or the position of the company, and management bias in accounting estimates.

Audit procedures undertaken in response to the potential risks relating to irregularities and fraud within the financial statements comprised of, but not limited to:

- All material accounting estimates tested to supporting documentation to assess compliance with provisions of relevant laws and regulations;

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

FHS HOLDINGS LIMITED

- Use of analytical procedures to identify any unusual or unexpected relationships that may indicate risks of

material misstatement due to fraud;

- Inquiries of management and those charged with governance as to whether the entity complies with such laws and regulations; and whether there is any known or suspected instances of non-compliance, claims and

litigation, or fraud;

- Understanding of management's controls designed to prevent and detect irregularities;

- Review of board and management minutes;

- Identifying and testing journal entries to assess whether any of the journals appeared unusual and evaluating

the business rationale of any one-off significant transactions outside the normal course of business;

- Challenging management on assumptions and judgements made in their significant accounting estimates.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than those irregularities that result from error; as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. As explained above, there is an unavoidable risk that material misstatements might not be detected, even though the audit has been planned and performed in accordance with the ISAs (UK).

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional

scepticism throughout the audit.

We also conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to continue as a going concern.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

C M Goad BFP FCA (Senior Statutory Auditor)

for and on behalf of Stephenson Smart (East Anglia) Limited

Chartered Accountants & Statutory Auditor

22-26 King Street

King's Lynn

Norfolk

PE30 1HJ

26 June 2026

| FHS HOLDINGS LIMITED (REGISTERED NUMBER: 12430842) |

CONSOLIDATED

STATEMENT OF INCOME AND

RETAINED EARNINGS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| Period

| 1.4.23

| Year ended |  | to

| 30.9.25 |  | 30.9.24

| Notes | £ | £ |

TURNOVER | 16,131,750 |  | 20,252,979 |  |

Cost of sales | 12,288,007 |  | 15,084,672 |  |

GROSS PROFIT | 3,843,743 |  | 5,168,307 |  |

Administrative expenses | 2,751,511 |  | 3,182,538 |  |

1,092,232 |  | 1,985,769 |  |

Other operating income | - |  | 39,565 |  |

OPERATING PROFIT | 4 | 1,092,232 |  | 2,025,334 |  |

Interest receivable and similar income | 37,358 |  | 115 |  |

1,129,590 |  | 2,025,449 |  |

Interest payable and similar expenses | 5 | 198,277 |  | 227,549 |  |

PROFIT BEFORE TAXATION | 931,313 |  | 1,797,900 |  |

Tax on profit | 6 | 233,900 |  | 452,107 |  |

PROFIT FOR THE FINANCIAL YEAR | 697,413 |  | 1,345,793 |  |

Retained earnings at beginning of year | 6,652,475 |  | 5,309,742 |  |

Dividends | 8 | - |  | (3,060 | ) |

RETAINED EARNINGS FOR THE GROUP AT END OF YEAR | 7,349,888 |  | 6,652,475 |  |

Profit attributable to:

Owners of the parent | 697,413 |  | 1,345,793 |  |

| FHS HOLDINGS LIMITED (REGISTERED NUMBER: 12430842) |

CONSOLIDATED BALANCE SHEET

30 SEPTEMBER 2025

| 30.9.25 | 30.9.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 9 | 8,953 |  | 8,181 |  |

Tangible assets | 10 | 6,661,525 |  | 5,534,718 |  |

Investments | 11 | - |  | - |  |

6,670,478 |  | 5,542,899 |  |

CURRENT ASSETS

Stocks | 12 | 83,152 |  | 67,301 |  |

Debtors | 13 | 7,051,345 |  | 5,253,658 |  |

Cash at bank | 840,805 |  | 1,542,996 |  |

7,975,302 |  | 6,863,955 |  |

CREDITORS

Amounts falling due within one year | 14 | 4,292,340 |  | 3,386,812 |  |

NET CURRENT ASSETS | 3,682,962 |  | 3,477,143 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 10,353,440 |  | 9,020,042 |  |

CREDITORS

Amounts falling due after more than one year | 15 | (1,670,152 | ) | (1,268,067 | ) |

PROVISIONS FOR LIABILITIES | 19 | (1,323,200 | ) | (1,089,300 | ) |

NET ASSETS | 7,360,088 |  | 6,662,675 |  |

CAPITAL AND RESERVES

Called up share capital | 20 | 10,200 |  | 10,200 |  |

Retained earnings | 21 | 7,349,888 |  | 6,652,475 |  |

SHAREHOLDERS' FUNDS | 7,360,088 |  | 6,662,675 |  |

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

S J C McKenna - Director

| FHS HOLDINGS LIMITED (REGISTERED NUMBER: 12430842) |

COMPANY BALANCE SHEET

30 SEPTEMBER 2025

| 30.9.25 | 30.9.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 9 | - |  | - |  |

Tangible assets | 10 | - |  | - |  |

Investments | 11 | 10,100 |  | 10,100 |  |

10,100 |  | 10,100 |  |

CURRENT ASSETS

Debtors | 13 | 4,502,472 |  | 4,047,343 |  |

Cash at bank | 125,626 |  | 610,996 |  |

4,628,098 |  | 4,658,339 |  |

CREDITORS

Amounts falling due within one year | 14 | 75,263 |  | 140,311 |  |

NET CURRENT ASSETS | 4,552,835 |  | 4,518,028 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,562,935 |  | 4,528,128 |  |

CAPITAL AND RESERVES

Called up share capital | 20 | 10,200 |  | 10,200 |  |

Retained earnings | 21 | 4,552,735 |  | 4,517,928 |  |

SHAREHOLDERS' FUNDS | 4,562,935 |  | 4,528,128 |  |

Company's profit for the financial year | 34,807 |  | 1,195,132 |  |

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

S J C McKenna - Director

| FHS HOLDINGS LIMITED (REGISTERED NUMBER: 12430842) |

CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| Period

| 1.4.23

| Year ended |  | to

| 30.9.25 |  | 30.9.24

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 1,781,776 |  | 3,856,872 |  |

Interest paid | (22,482 | ) | (29,509 | ) |

Interest element of hire purchase payments paid | (175,795 | ) | (198,040 | ) |

Tax paid | (306,807 | ) | - |  |

Taxation refund | 3,419 |  | - |  |

Net cash from operating activities | 1,280,111 |  | 3,629,323 |  |

Cash flows from investing activities

Purchase of intangible fixed assets | (1,454 | ) | (6,080 | ) |

Purchase of tangible fixed assets | (1,134,060 | ) | (2,814,357 | ) |

Sale of tangible fixed assets | 318,353 |  | 418,024 |  |

Interest received | 37,358 |  | - |  |

Net cash from investing activities | (779,803 | ) | (2,402,413 | ) |

Cash flows from financing activities

Loan repayments in year | (16,810 | ) | (22,120 | ) |

Capital repayments in year | (1,185,689 | ) | (496,105 | ) |

Equity dividends paid | - |  | (3,060 | ) |

Net cash from financing activities | (1,202,499 | ) | (521,285 | ) |

(Decrease)/increase in cash and cash equivalents | (702,191 | ) | 705,625 |  |

Cash and cash equivalents at beginning of year | 2 | 1,542,996 |  | 837,371 |  |

Cash and cash equivalents at end of year | 2 | 840,805 |  | 1,542,996 |  |

| FHS HOLDINGS LIMITED (REGISTERED NUMBER: 12430842) |

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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

| Period

| 1.4.23

| Year ended |  | to

| 30.9.25 |  | 30.9.24

£ | £ |

| Profit before taxation | 931,313 |  | 1,797,900 |  |

| Depreciation charges | 1,581,381 |  | 2,051,317 |  |

| Loss/(profit) on disposal of fixed assets | 53,889 |  | (69,472 | ) |

| Finance costs | 198,277 |  | 227,549 |  |

| Finance income | (37,358 | ) | (115 | ) |

2,727,502 |  | 4,007,179 |  |

| (Increase)/decrease in stocks | (15,851 | ) | 34,002 |  |

| Increase in trade and other debtors | (1,801,106 | ) | (1,151,698 | ) |

| Increase in trade and other creditors | 871,231 |  | 967,389 |  |

| Cash generated from operations | 1,781,776 |  | 3,856,872 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 30 September 2025

| 30.9.25 |  | 1.10.24

£ | £ |

| Cash and cash equivalents | 840,805 |  | 1,542,996 |  |

| Period ended 30 September 2024

| 30.9.24 |  | 1.4.23

£ | £ |

| Cash and cash equivalents | 1,542,996 |  | 837,371 |  |

3. | ANALYSIS OF CHANGES IN NET DEBT

| At 1.10.24 | Cash flow | At 30.9.25

£ | £ | £ |

| Net cash |

| Cash at bank | 1,542,996 |  | (702,191 | ) | 840,805 |  |

1,542,996 |  | (702,191 | ) | 840,805 |  |

| Debt

| Finance leases | (1,917,599 | ) | (759,999 | ) | (2,677,598 | ) |

| Debts falling due within 1 year | (16,830 | ) | (1,760 | ) | (18,590 | ) |

| Debts falling due after 1 year | (207,831 | ) | 18,570 |  | (189,261 | ) |

(2,142,260 | ) | (743,189 | ) | (2,885,449 | ) |

| Total | (599,264 | ) | (1,445,380 | ) | (2,044,644 | ) |

| FHS HOLDINGS LIMITED (REGISTERED NUMBER: 12430842) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. | STATUTORY INFORMATION

| FHS 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 General Information page.

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

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The directors believe that the group is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

| Basis of consolidation

| The consolidated financial statements include the results of the company and its subsidiaries. Intra group sales and profits are eliminated on consolidation and all sales and profit figures relate to external transactions only.

| Related party exemption

| 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.

| Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

| Turnover

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

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Number plates are being amortised evenly over their estimated useful life of fifteen years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Freehold property | - | not provided

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

| Computer equipment | - | 25% on reducing balance

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| FHS HOLDINGS LIMITED (REGISTERED NUMBER: 12430842) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement. The group only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities, including trade and other debtors, trade and other creditors, cash and bank balances at the transaction price.

| Taxation

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

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

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

| Deferred tax

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

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

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

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

3. | EMPLOYEES AND DIRECTORS

| Period

| 1.4.23

| Year ended |  | to

| 30.9.25 |  | 30.9.24

£ | £ |

| Wages and salaries | 3,747,542 |  | 4,286,252 |  |

| Social security costs | 9,898 |  | 7,845 |  |

| Other pension costs | 45,000 |  | - |  |

3,802,440 |  | 4,294,097 |  |

| FHS HOLDINGS LIMITED (REGISTERED NUMBER: 12430842) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

3. | EMPLOYEES AND DIRECTORS - continued

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

| Period

| 1.4.23

| Year ended |  | to

| 30.9.25 |  | 30.9.24

| Directors | 3 |  | 3 |  |

| Staff | 58 |  | 49 |  |

61 |  | 52 |  |

| The average number of employees by undertakings that were proportionately consolidated during the year was 58 (2024 - 49 ) .

| Period

| 1.4.23

| Year ended |  | to

| 30.9.25 |  | 30.9.24

£ | £ |

| Directors' remuneration | 60,000 |  | 58,000 |  |

| Directors' pension contributions to money purchase schemes | 45,000 |  | - |  |

4. | OPERATING PROFIT

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

| Period

| 1.4.23

| Year ended |  | to

| 30.9.25 |  | 30.9.24

£ | £ |

| Hire of plant and machinery | 43,682 |  | 53,495 |  |

| Depreciation - owned assets | 593,655 |  | 976,325 |  |

| Depreciation - assets on hire purchase contracts | 987,044 |  | 1,070,205 |  |

| Loss/(profit) on disposal of fixed assets | 53,889 |  | (69,472 | ) |

| Goodwill amortisation | - |  | 4,167 |  |

| Number plates amortisation | 682 |  | 620 |  |

| Auditors' remuneration | 15,000 |  | - |  |

| Foreign exchange differences | 40 |  | 261 |  |

5. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| Period

| 1.4.23

| Year ended |  | to

| 30.9.25 |  | 30.9.24

£ | £ |

| Bank loan interest | 16,987 |  | 29,493 |  |

| Other interest | 5,495 |  | 16 |  |

| Hire purchase interest | 175,795 |  | 198,040 |  |

198,277 |  | 227,549 |  |

| FHS HOLDINGS LIMITED (REGISTERED NUMBER: 12430842) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

6. | TAXATION

| Analysis of the tax charge

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

| Period

| 1.4.23

| Year ended |  | to

| 30.9.25 |  | 30.9.24

£ | £ |

| Current tax:

| UK corporation tax | - |  | 306,807 |  |

| Deferred tax | 233,900 |  | 145,300 |  |

| Tax on profit | 233,900 |  | 452,107 |  |

| UK corporation tax has been charged at 25 % .

| Reconciliation of total tax charge included in profit and loss

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

| Period

| 1.4.23

| Year ended |  | to

| 30.9.25 |  | 30.9.24

£ | £ |

| Profit before tax | 931,313 |  | 1,797,900 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) | 232,828 |  | 449,475 |  |

| Effects of:

| Expenses not deductible for tax purposes | 1,660 |  | 2,592 |  |

| (Under)/over provision of deferred tax in prior years | (588 | ) | 40 |  |

| Total tax charge | 233,900 |  | 452,107 |  |

7. | INDIVIDUAL INCOME STATEMENT

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

8. | DIVIDENDS

| Period

| 1.4.23

| Year ended |  | to

| 30.9.25 |  | 30.9.24

£ | £ |

| Ordinary shares of £1 each

| Final | - |  | 3,060 |  |

| FHS HOLDINGS LIMITED (REGISTERED NUMBER: 12430842) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

9. | INTANGIBLE FIXED ASSETS

| Group

| Number |

| Goodwill |  | plates |  | Totals

£ | £ | £ |

| COST

| At 1 October 2024 | 100,000 |  | 9,243 |  | 109,243 |  |

| Additions | - |  | 1,454 |  | 1,454 |  |

| At 30 September 2025 | 100,000 |  | 10,697 |  | 110,697 |  |

| AMORTISATION

| At 1 October 2024 | 100,000 |  | 1,062 |  | 101,062 |  |

| Amortisation for year | - |  | 682 |  | 682 |  |

| At 30 September 2025 | 100,000 |  | 1,744 |  | 101,744 |  |

| NET BOOK VALUE

| At 30 September 2025 | - |  | 8,953 |  | 8,953 |  |

| At 30 September 2024 | - |  | 8,181 |  | 8,181 |  |

10. | TANGIBLE FIXED ASSETS

| Group

| Freehold |  | Plant and |  | Computer |

| property |  | machinery |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 October 2024 | 609,978 |  | 9,033,775 |  | 6,171 |  | 9,649,924 |  |

| Additions | - |  | 3,078,659 |  | 1,089 |  | 3,079,748 |  |

| Disposals | - |  | (773,341 | ) | - |  | (773,341 | ) |

| At 30 September 2025 | 609,978 |  | 11,339,093 |  | 7,260 |  | 11,956,331 |  |

| DEPRECIATION

| At 1 October 2024 | - |  | 4,111,460 |  | 3,746 |  | 4,115,206 |  |

| Charge for year | - |  | 1,579,918 |  | 781 |  | 1,580,699 |  |

| Eliminated on disposal | - |  | (401,099 | ) | - |  | (401,099 | ) |

| At 30 September 2025 | - |  | 5,290,279 |  | 4,527 |  | 5,294,806 |  |

| NET BOOK VALUE

| At 30 September 2025 | 609,978 |  | 6,048,814 |  | 2,733 |  | 6,661,525 |  |

| At 30 September 2024 | 609,978 |  | 4,922,315 |  | 2,425 |  | 5,534,718 |  |

| FHS HOLDINGS LIMITED (REGISTERED NUMBER: 12430842) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

10. | TANGIBLE FIXED ASSETS - continued

| Group

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and

| machinery

£ |

| COST

| At 1 October 2024 | 4,043,181 |  |

| Additions | 2,443,594 |  |

| Transfer to ownership | (710,805 | ) |

| At 30 September 2025 | 5,775,970 |  |

| DEPRECIATION

| At 1 October 2024 | 1,396,687 |  |

| Charge for year | 987,044 |  |

| Transfer to ownership | (386,267 | ) |

| At 30 September 2025 | 1,997,464 |  |

| NET BOOK VALUE

| At 30 September 2025 | 3,778,506 |  |

| At 30 September 2024 | 2,646,494 |  |

11. | FIXED ASSET INVESTMENTS

| Company

| Shares in

| group

| undertakings

£ |

| COST

| At 1 October 2024

| and 30 September 2025 | 10,100 |  |

| NET BOOK VALUE

| At 30 September 2025 | 10,100 |  |

| At 30 September 2024 | 10,100 |  |

| Interests in group undertakings

| Name of undertaking |  | Registered office |  | Description of shares held |  | Holding |  |

| Fenland Haulage Limited |  | 27-29 Old Market, Wisbech, Cambridgeshire, PE13 1NE |  | Ordinary £1 shares |  | 100% |  |

| Fenland Handling Services Limited |  | 27-29 Old Market, Wisbech, Cambridgeshire, PE13 1NE |  | Ordinary £1 shares |  | 100% |  |

| The principal activity of Fenland Haulage Limited is that of road haulage.

| The principal activity of Fenland Handling Services Limited is that of repacking and labour providers.

| FHS HOLDINGS LIMITED (REGISTERED NUMBER: 12430842) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

12. | STOCKS

| Group |

| 30.9.25 |  | 30.9.24 |

£ | £ |

| Stocks | 83,152 |  | 67,301 |  |

13. | DEBTORS

| Group |  | Company |

| 30.9.25 |  | 30.9.24 |  | 30.9.25 |  | 30.9.24 |

£ | £ | £ | £ |

| Amounts falling due within one year: |

| Trade debtors | 3,406,557 |  | 2,304,549 |  | - |  | - |  |

| Amounts owed by group undertakings | - |  | - |  | 920,330 |  | 577,343 |  |

| Other debtors | 1,462,053 |  | 694,995 |  | 281,914 |  | - |  |

| VAT | - |  | - |  | 228 |  | - |  |

| Prepayments and accrued income | 602,136 |  | 754,290 |  | - |  | 170,000 |  |

5,470,746 |  | 3,753,834 |  | 1,202,472 |  | 747,343 |  |

| Amounts falling due after more than one | year: |

| Amounts owed by group undertakings | - |  | - |  | 3,300,000 |  | 3,300,000 |  |

| Other debtors | 1,580,599 |  | 1,499,824 |  | - |  | - |  |

1,580,599 |  | 1,499,824 |  | 3,300,000 |  | 3,300,000 |  |

| Aggregate amounts | 7,051,345 |  | 5,253,658 |  | 4,502,472 |  | 4,047,343 |  |

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

| Group |  | Company |

| 30.9.25 |  | 30.9.24 |  | 30.9.25 |  | 30.9.24 |

£ | £ | £ | £ |

| Bank loans and overdrafts (see note 16) | 18,590 |  | 16,830 |  | - |  | - |  |

| Hire purchase contracts (see note 17) | 1,196,707 |  | 857,363 |  | - |  | - |  |

| Trade creditors | 632,139 |  | 335,434 |  | - |  | - |  |

| Corporation tax | - |  | 306,807 |  | - |  | 17,739 |  |

| Social security and other taxes | 60,101 |  | 44,618 |  | 1,280 |  | - |  |

| VAT | 249,499 |  | 232,935 |  | - |  | - |  |

| Other creditors | 957,581 |  | 244,901 |  | 3,133 |  | 55,810 |  |

| Directors' current accounts | - |  | 2,420 |  | - |  | 2,420 |  |

| Accruals and deferred income | 1,177,723 |  | 1,345,504 |  | 70,850 |  | 64,342 |  |

4,292,340 |  | 3,386,812 |  | 75,263 |  | 140,311 |  |

| FHS HOLDINGS LIMITED (REGISTERED NUMBER: 12430842) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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

| Group |

| 30.9.25 |  | 30.9.24 |

£ | £ |

| Bank loans (see note 16) | 189,261 |  | 207,831 |  |

| Hire purchase contracts (see note 17) | 1,480,891 |  | 1,060,236 |  |

1,670,152 |  | 1,268,067 |  |

16. | LOANS

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

| Group |

| 30.9.25 |  | 30.9.24 |

£ | £ |

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

| Bank loans | 18,590 |  | 16,830 |  |

| Amounts falling due between one and two | years: |

| Bank loans - 1-2 years | 19,988 |  | 18,276 |  |

| Amounts falling due between two and five | years: |

| Bank loans - 2-5 years | 69,401 |  | 64,757 |  |

| Amounts falling due in more than five years: |

| Repayable by instalments

| Bank loans more 5 yr by instal | 99,872 |  | 124,798 |  |

17. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Group

| Hire purchase |

| contracts |

| 30.9.25 |  | 30.9.24 |

£ | £ |

| Net obligations repayable:

| Within one year | 1,196,707 |  | 857,363 |  |

| Between one and five years | 1,480,891 |  | 1,060,236 |  |

2,677,598 |  | 1,917,599 |  |

| FHS HOLDINGS LIMITED (REGISTERED NUMBER: 12430842) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

17. | LEASING AGREEMENTS - continued

| Group

| Non-cancellable |

| operating leases |

| 30.9.25 |  | 30.9.24

£ | £ |

| Within one year | 71,126 |  | 39,170 |  |

| Between one and five years | 121,661 |  | 41,807 |  |

192,787 |  | 80,977 |  |

18. | SECURED DEBTS

| The following secured debts are included within creditors:

| Group |

| 30.9.25 |  | 30.9.24 |

£ | £ |

| Bank loans | 207,851 |  | 224,661 |  |

| Hire purchase contracts | 2,677,598 |  | 1,917,599 |  |

2,885,449 |  | 2,142,260 |  |

| The bank loan is secured by a fixed charge over the freehold land owned by the group at Osborne Road, Wisbech.

| The obligations under hire purchase agreements are secured over the assets to which they relate.

19. | PROVISIONS FOR LIABILITIES

| Group |

| 30.9.25 |  | 30.9.24 |

£ | £ |

| Deferred tax | 1,323,200 |  | 1,089,300 |  |

| Group

| Deferred |

| tax |

£ |

| Balance at 1 October 2024 | 1,089,300 |  |

| Provided during year | 233,900 |  |

| Balance at 30 September 2025 | 1,323,200 |  |

20. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.9.25 |  | 30.9.24

| value: | £ | £ |

| 10,200 | Ordinary | £1 | 10,200 |  | 10,200 |  |

| FHS HOLDINGS LIMITED (REGISTERED NUMBER: 12430842) |

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

21. | RESERVES

| Group

| Retained

| earnings

£ |

| At 1 October 2024 | 6,652,475 |  |

| Profit for the year | 697,413 |  |

| At 30 September 2025 | 7,349,888 |  |

| Company

| Retained

| earnings

£ |

| At 1 October 2024 | 4,517,928 |  |

| Profit for the year | 34,807 |  |

| At 30 September 2025 | 4,552,735 |  |

22. | PENSION COMMITMENTS

| The group makes contributions to defined contribution pension schemes whose assets are held separately from those of the group in independently administered funds. The pension charge represents contributions payable in the year by the group to the schemes and amounted to £103,669 (2024 - £71,968).

| There were unpaid pension contributions of £5,765 at 30 September 2025 (2024 - £4,660).

23. | CAPITAL COMMITMENTS

| 30.9.25 |  | 30.9.24

£ | £ |

| Contracted but not provided for in the

| financial statements | 55,477 |  | - |  |

24. | RELATED PARTY DISCLOSURES

| At the balance sheet date, being 30 September 2025, the group had the following loans outstanding with other companies outside of the group, in which there are common directorships:

| Amounts owed by Fenland Handling Limited |  |  | £333,405 |  |

| Amounts owed to Fenland Storage Limited |  |  | £309,479 |  |

| Amounts owed by Fenland Storage Holdings Limited |  |  | £1,580,499 |  |

| The group was also owed by a partnership, of which the directors of the group are also partners, £485,855.

| No interest has been charged on these balances other than £37,358 interest charged during the year on the balance owed by Fenland Storage Holdings Limited.

25. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is S J C McKenna.