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REGISTERED NUMBER: 00849428 (England and Wales)

| BRIDGE END LIMITED |

| STRATEGIC REPORT, REPORT OF THE DIRECTORS AND |

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 SEPTEMBER 2025 |

| BRIDGE END LIMITED (REGISTERED NUMBER: 00849428) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 9 |

| Report of the Independent Auditors | 11 |

| Income Statement | 15 |

| Other Comprehensive Income | 16 |

| Balance Sheet | 17 |

| Statement of Changes in Equity | 18 |

| Cash Flow Statement | 19 |

| Notes to the Cash Flow Statement | 20 |

| Notes to the Financial Statements | 22 |

| BRIDGE END LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| DIRECTORS: | Mrs L S Brown

| Mr H S Brown

| SECRETARY: | Mrs L S Brown

| REGISTERED OFFICE: | Oversley Mill Services

| Alcester By-Pass

| Alcester

| Warwickshire

| B49 6PQ

| REGISTERED NUMBER: | 00849428 (England and Wales)

| AUDITORS: | FWC Advisory Ltd

| 29 Wood Street

| Stratford-Upon-Avon

| Warwickshire

| CV37 6JG

| BRIDGE END LIMITED (REGISTERED NUMBER: 00849428) |

STRATEGIC REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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

REVIEW OF BUSINESS

The company operates two BP-branded forecourt and convenience retail sites at Oversley Mill and Washford. As a family-owned business, the company serves its local communities with a focus on reliability, personalised customer service and high operational standards.

The year was one of significant investment and transition for the company. The Oversley Mill site remained closed for redevelopment for the majority of the financial year, reopening in June 2025. This resulted in a reduction in overall turnover and profitability compared with the previous year. However, the directors consider the redevelopment to be an important long-term investment that has materially improved the site's retail, fuel and food-to-go offering.

The redevelopment included a substantially enlarged retail store, upgraded forecourt and customer facilities, improved site access, a new food and drink offering, and the construction of a Costa Coffee drive-through unit. The Oversley Mill store now operates under the company's Browns Food Stores brand and incorporates the Browns Kitchen bakery concept, together with a new drinks bar and a wider range of convenience and food-to-go products.

Oversley Mill reopened in June 2025 and remained fully operational for the remainder of the financial year. Initial performance following reopening has been positive across fuel volumes, shop sales, customer numbers, average basket spend and food-to-go sales. The directors expect performance to develop further as the site becomes established and progresses through its first two full years of trading following redevelopment.

The Costa Coffee drive-through opened in September 2025. Rental income commenced after the financial year-end following the agreed initial rent-free period. The unit is expected to enhance the overall customer offering, increase traffic to the site and provide the company with a stable long-term rental income stream.

The Washford site remained operational throughout the year and continued to deliver a strong performance. Fuel volumes remained robust, supported by a competitive pricing strategy, while the convenience retail operation benefited from a renewed management focus and significant investment in the store.

In March 2025, the Washford store was refitted and transferred to Nisa as its principal shop supplier. The investment included a new store layout, replacement refrigeration equipment and a new point-of-sale system. Weekly shop sales increased from approximately £22,000 to approximately £24,000 and continued to demonstrate positive momentum at the year-end.

The company remains committed to providing high-quality service within a safe and well-managed environment. Employees receive appropriate training in areas including fuel handling, health and safety, food hygiene and environmental standards. There were no significant health and safety incidents, environmental incidents, major equipment failures or periods of unplanned closure during the year.

| BRIDGE END LIMITED (REGISTERED NUMBER: 00849428) |

STRATEGIC REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

PRINCIPAL RISKS AND UNCERTAINTIES

Principal risks and uncertainties

The directors regularly review the principal risks and uncertainties facing the company and take appropriate steps to mitigate their potential effect.

Fuel prices and margins

Movements in global oil markets and wholesale fuel prices can affect retail pricing, customer demand, working capital requirements and achieved margins. The company manages this risk by monitoring local and national market conditions, maintaining a close relationship with BP and regularly reviewing its pricing strategy.

The company may accept a lower margin for limited periods to maintain a competitive position and protect fuel volumes. The directors assess performance over a longer period, recognising that margins generally fluctuate and may recover following periods of compression.

Economic conditions and consumer spending

Inflationary pressures and the wider cost-of-living environment continue to affect consumer behaviour. Customers remain price-conscious and may seek lower-cost alternatives or reduce discretionary spending.

The company responds by reviewing its product ranges, promotional activity and pricing. Its relationships with established suppliers, including Nisa, provide access to a broad range of products and recognised promotional offers. The directors also seek to provide a balanced range of value, premium and locally sourced products.

Borrowing and interest rates

The redevelopment of Oversley Mill was partly funded through a development loan from Lloyds Bank. This has increased the company's level of borrowing, interest expense and scheduled repayment commitments.

The funding was arranged at rates considered favourable by the directors and the associated costs were incorporated into the company's forecasts. Actual costs and performance have remained in line with projections. The directors regularly monitor cash flow, banking covenants and the company's ability to meet its obligations as they fall due.

Wage and employment costs

The business operates in a labour-intensive sector and is exposed to increases in the National Minimum Wage, National Living Wage, employer's National Insurance contributions and other employment-related costs.

The company seeks to mitigate these pressures through effective scheduling, employee training, improved systems and increased operational efficiency, while maintaining appropriate staffing levels and customer service standards.

Competition

The company competes with national supermarket operators, other branded forecourts, independent convenience retailers and food-to-go businesses.

This risk is managed through competitive fuel pricing, investment in store standards, differentiated food and drink offers, personalised customer service and engagement with the local community. The redeveloped Oversley Mill site and the Washford store refit have strengthened the company's competitive position.

Supply chain disruption

The company relies on third-party suppliers for fuel, convenience goods, food products and other essential services. Disruption could result in reduced availability, increased costs or an inability to meet customer demand.

The company maintains relationships with established suppliers and monitors stock levels for important and high-demand products. The company's fuel supply arrangement with BP provides access to a robust nationwide distribution network.

| BRIDGE END LIMITED (REGISTERED NUMBER: 00849428) |

STRATEGIC REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Oversley Mill also benefits from its designation as a priority site due to its strategic location. In the event of widespread fuel supply disruption, this status is expected to provide preferential access to fuel deliveries and support continuity of supply.

Information technology and cybersecurity

The company's operations are increasingly dependent on point-of-sale, payment, stock-control and communications systems. System failure, cyberattack or loss of data could disrupt trading and result in financial or reputational damage.

The company maintains appropriate data protection, cybersecurity, system backup and business continuity procedures. The introduction of a common point-of-sale system across the business also provides improved oversight and control.

Regulatory and environmental compliance

The company is subject to regulations covering fuel storage and handling, health and safety, food hygiene, employment, data protection and environmental matters. Failure to comply could result in financial penalties, disruption or reputational damage.

The directors monitor regulatory developments and ensure that employees receive appropriate training. The Oversley Mill redevelopment was designed and completed with current regulatory and environmental requirements in mind, reducing the likelihood of significant additional capital expenditure in the immediate future.

| BRIDGE END LIMITED (REGISTERED NUMBER: 00849428) |

STRATEGIC REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

PERFORMANCE HIGHLIGHTS

Financial performance

Overall turnover decreased from £17,844,476 in the previous year to £12,825,037 in the current year. Gross profit also fell from £1,857,148 to £874,121, while operating profit decreased from £696,012 to an operating loss £130,581. This was principally due to the closure of Oversley Mill for the majority of the period while the redevelopment was completed.

The financial results were also affected by costs associated with the redevelopment, including professional fees and temporary operating expenses. The company retained its existing employees during the closure period, resulting in higher staff costs without the corresponding level of income from the site. The directors considered retaining the workforce to be important in ensuring continuity, preserving operational knowledge and enabling the site to reopen successfully.

The redevelopment was financed in part through a new development loan of £4,764,131 provided by Lloyds Bank. Consequently, the Company's borrowings increased and finance costs rose from £38,065 in the previous year to £196,659. However, the associated interest and repayment obligations were anticipated within the company's forecasts, and performance remained in line with the directors' financial projections.

The project experienced delays and a modest overspend, principally as a result of project management delays. Notwithstanding this, the directors consider that the completed development provides the company with a stronger operational platform and the capacity to generate sustainable long-term growth.

Fuel sales

Fuel sales remained an important part of the company's activities during the year.

At Washford, fuel volumes remained strong. The company continued to maintain competitive pricing in response to competition from a nearby Tesco forecourt. Although this approach can result in reduced margins during certain periods, fuel margins tend to recover over time and the directors consider that the strategy achieves an appropriate balance between volume, customer retention and profitability over the full financial period.

Oversley Mill traded for only part of the year following its reopening in June 2025. Initial fuel volumes were positive and in line with the directors' expectations for the early stages of the redeveloped site. Improved access, upgraded infrastructure and a more attractive customer environment are expected to support further volume growth over the next two financial years.

Fuel price volatility continues to affect reported revenue, as changes in the average selling price can result in movements in turnover that do not directly reflect changes in fuel volumes or profitability. The directors therefore consider both litres sold and achieved margin when assessing fuel performance.

Convenience retail and food-to-go

Convenience retail was one of the company's principal areas of growth during the year.

The Washford store benefited from its refit, revised layout, new refrigeration equipment, new point-of-sale system and transfer to Nisa as its principal shop supplier. These changes improved the product range, store presentation, stock management and customer experience.

The redeveloped Oversley Mill store introduced a broader and more distinctive retail offer. This includes the company's Browns Food Stores brand, the Browns Kitchen bakery, a drinks bar, expanded food-to-go ranges and additional concessions. Early sales performance has been positive, although the site had traded for only a limited period by the financial year-end.

The directors intend to continue developing non-fuel income to reduce the company's reliance on fuel sales and margins. Areas of focus include food-to-go, bakery products, convenience retail, concessions and rental income.

The BP loyalty programme remains well supported across the company's sites and continues to assist with customer retention and repeat visits.

Operational developments

| BRIDGE END LIMITED (REGISTERED NUMBER: 00849428) |

STRATEGIC REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

A new point-of-sale system was introduced across the business during the year. The system provides improved stock control, ordering information and management reporting. The directors expect the system to support better availability, reduce stock losses and enable more informed purchasing decisions.

Employee numbers increased following the reopening and expansion of Oversley Mill, reflecting the additional staffing requirements of the larger retail store and broader customer offering. The company did not experience any significant recruitment, retention, training or staffing difficulties during the period.

Solar panels were installed across the roof of the redeveloped Oversley Mill store. The system has performed well and is expected to generate approximately 30% of the site's annual electricity requirements over a full year, with a higher proportion being generated during the summer months. This investment reduces reliance on electricity purchased from the national grid, supports the company's environmental objectives and is expected to reduce energy costs over the longer term.

STRATEGIC DEVELOPMENTS

Future developments and outlook

The directors are optimistic about the company's prospects for the next financial year.

The principal objective will be to deliver a successful first full year of trading from the redeveloped Oversley Mill site. The company will focus on developing fuel volumes, convenience retail sales, food-to-go performance and average customer spend while stabilising operating costs and improving profitability.

At Washford, the directors intend to build on the progress achieved following the March 2025 refit and the introduction of the Nisa supply arrangement. Continued attention will be given to store standards, product availability, stock control, fuel competitiveness and retail sales growth.

The directors expect Oversley Mill to deliver measured growth during its first and second full years following redevelopment as customer awareness and usage of the expanded facilities increase.

Potential future investments include the fit-out of the first-floor office accommodation at Oversley Mill and an extension of the site's electric vehicle charging facilities. These opportunities remain under review and will be assessed against customer demand, expected returns, financing requirements and the company's wider strategic priorities.

The company will continue to explore opportunities to expand non-fuel income through food-to-go, bakery, concessions, convenience retail, rental income and electric vehicle charging.

The directors' immediate priority is to consolidate the significant investment made in the business, maintain appropriate control over costs and borrowing, and ensure that the company generates sustainable returns from its improved asset base.

| BRIDGE END LIMITED (REGISTERED NUMBER: 00849428) |

STRATEGIC REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

KEY PERFORMANCE INDICATORS (KPI'S)

The directors monitor a range of financial and non-financial key performance indicators to assess the company's performance and operational progress. These include:

- Turnover and gross profit from fuel and retail activities;

- Fuel volume sold by site;

- Fuel margin per litre;

- Weekly shop sales;

- Average customer basket spend;

- Food-to-go and bakery sales;

- Staff costs;

- Stock availability and stock losses;

- Energy consumption and solar generation; and

- Operating profit and cash flow.

Overall turnover and profitability decreased during the year due to the prolonged closure of Oversley Mill and the costs associated with its redevelopment.Fuel volumes at the site remained strong, with the company continuing to balance competitive pricing against the need to achieve an appropriate margin.

Oversley Mill recorded positive early performance following its reopening in June 2025. Fuel volumes, shop sales, customer numbers, average basket spend and food-to-go sales were all encouraging during the initial trading period. The directors will continue to monitor performance as the site completes its first full year following redevelopment.

EVENTS AFTER THE REPORTING PERIOD

On 18 December 2025, Andrew Brown, the company's Managing Director, passed away following a short illness. The directors acknowledge his significant contribution to the company and its development.

Following his death, Harry Brown, an existing director of the company, assumed the position of Managing Director. The directors have taken steps to ensure continuity in the company's leadership, operations and relationships with key customers, employees, suppliers and finance providers.

Rental income from the Costa Coffee drive-through commenced in January 2026 following the agreed initial rent-free period.

The directors are not aware of any other significant post-balance-sheet events requiring disclosure within this strategic report.

| BRIDGE END LIMITED (REGISTERED NUMBER: 00849428) |

STRATEGIC REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

CONCLUSION

The year ended 30 September 2025 was a period of substantial investment and operational change. Although the extended closure of Oversley Mill and the associated redevelopment expenditure reduced turnover and profitability, the project has created a significantly improved site with increased retail capacity, a broader customer offering and additional sources of income.

Washford continued to perform strongly and benefited from its store refit, revised management structure, new supply arrangement and improved operating systems.

The directors believe that the investments made during the year provide a strong foundation for future growth. The company enters the next financial year with two improved retail operations, a broader range of non-fuel income, modernised systems and an experienced workforce.

The directors remain confident in the company's ability to manage its financial and operational risks, develop the performance of its existing sites and deliver sustainable long-term growth.

ON BEHALF OF THE BOARD:

Mr H S Brown - Director

3 July 2026

| BRIDGE END LIMITED (REGISTERED NUMBER: 00849428) |

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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

PRINCIPAL ACTIVITIES

The principal activities of the company in the year under review were those of the selling of petrol, other forecourt supplies and roadside investment property.

DIVIDENDS

Interim dividends were paid during the year on 30th June 2025..

The directors recommend Interim dividends per share as follows:

Ordinary A Shares |  | £945.00 |

Ordinary B Shares |  | NIL |

The total distribution of dividends for the year ended 30 September 2025 were £283,500 (2024: £378,000).

DIRECTORS

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

Mrs L S Brown

Mr H S Brown

Other changes in directors holding office are as follows:

Mr A Brown ceased to be a director after 30 September 2025 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

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

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

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

| BRIDGE END LIMITED (REGISTERED NUMBER: 00849428) |

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

AUDITORS

The auditors, FWC Advisory Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr H S Brown - Director

3 July 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

BRIDGE END LIMITED

Opinion

We have audited the financial statements of Bridge End Limited (the 'company') for the year ended 30 September 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the 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 company's affairs as at 30 September 2025 and of its loss for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

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

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

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

BRIDGE END LIMITED

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

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

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

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

BRIDGE END 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.

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 identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, 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.

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We discussed with the management the policies and procedures in place regarding compliance with laws and regulations. We discussed amongst the audit team the identified laws and regulations, and remained alert to any indications of non-compliance.

During the audit we focused on laws and regulations which could reasonably be expected to give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management.

We assessed the susceptibility of the financial statements to material misstatement, including fraud. Our risk assessment procedures included:

- Enquiry with management and those charged with governance regarding any known or suspected instances of fraud;

- Obtaining an understanding of the Company's policies and procedures relating to:

- Detecting and responding to the risks of fraud; and

- Internal controls established to mitigate risks related to fraud.

- Review of minutes of meeting of those charged with governance for any known or suspected instances of fraud;

- Discussion amongst the engagement team as to how and where fraud might occur in the financial statements:

- Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; and

- Considering remuneration incentive schemes and performance targets and the related financial statement areas impacted by these.

Based on our-risk assessment, we considered the areas most susceptible to fraud to be in the following areas:

- management override of controls in order to misrepresent the performance of the company through the use of inappropriate journals or bias in accounting estimates;

- revenue recognition, specifically the manipulation of revenue using fraudulent journals; and

- manipulation of the timing of recognising revenue around the year end.

- Existence and valuation of tangible fixed assets

Our procedures in respect of the above included:

- Testing journal entries throughout the year, which met a defined risk criteria, by agreeing to supporting documentation. We tested the appropriateness of accounting journals and other adjustments made in the preparation of the financial statements;

- We reviewed the Company's accounting policies for non-compliance with relevant standards. Our work also included considering significant accounting estimates for evidence of misstatement or possible bias and testing any significant transactions that appeared to be outside the normal course of business; and

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

BRIDGE END LIMITED

- Cut off testing performed by selecting a sample of revenue transactions before and after year end, to ensure that these were recorded in the correct period based on the appropriate revenue recognition accounting policy.

- Testing of ownership, rights, obligation and appropriateness of the valuation for existing and newly added assets.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members including internal specialists, and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit.

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

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

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.

Michelle Vincent (Senior Statutory Auditor)

for and on behalf of FWC Advisory Ltd

29 Wood Street

Stratford-Upon-Avon

Warwickshire

CV37 6JG

3 July 2026

| BRIDGE END LIMITED (REGISTERED NUMBER: 00849428) |

INCOME STATEMENT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 3 | 12,825,037 |  | 17,844,476 |  |

Cost of sales | (11,950,916 | ) | (15,987,328 | ) |

GROSS PROFIT | 874,121 |  | 1,857,148 |  |

Administrative expenses | (1,746,516 | ) | (1,161,878 | ) |

(872,395 | ) | 695,270 |  |

Other operating income | 4 | 40 |  | 742 |  |

Gain/loss on revaluation of investment property | 741,774 |  | - |  |

OPERATING (LOSS)/PROFIT | 6 | (130,581 | ) | 696,012 |  |

Interest payable and similar expenses | 8 | (196,659 | ) | (38,065 | ) |

(LOSS)/PROFIT BEFORE TAXATION | (327,240 | ) | 657,947 |  |

Tax on (loss)/profit | 9 | (239,218 | ) | (196,891 | ) |

(LOSS)/PROFIT FOR THE FINANCIAL YEAR | (566,458 | ) | 461,056 |  |

| BRIDGE END LIMITED (REGISTERED NUMBER: 00849428) |

OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

(LOSS)/PROFIT FOR THE YEAR | (566,458 | ) | 461,056 |  |

OTHER COMPREHENSIVE INCOME |

Surplus/deficit on property revaluation | (2,128,684 | ) | 1,082,414 |  |

Income tax relating to other comprehensive income | 24,621 |  | (290,493 | ) |

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX | (2,104,063 | ) | 791,921 |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | (2,670,521 | ) | 1,252,977 |  |

| BRIDGE END LIMITED (REGISTERED NUMBER: 00849428) |

BALANCE SHEET

30 SEPTEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 11 | 9,227,051 |  | 7,171,866 |  |

Investment property | 12 | 2,325,000 |  | 950,000 |  |

11,552,051 |  | 8,121,866 |  |

CURRENT ASSETS

Stocks | 13 | 286,970 |  | 122,523 |  |

Debtors | 14 | 1,316,885 |  | 2,084,957 |  |

Cash in hand | 2,854 |  | 5,977 |  |

1,606,709 |  | 2,213,457 |  |

CREDITORS

Amounts falling due within one year | 15 | 7,032,208 |  | 1,740,268 |  |

NET CURRENT (LIABILITIES)/ASSETS | (5,425,499 | ) | 473,189 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 6,126,552 |  | 8,595,055 |  |

CREDITORS

Amounts falling due after more than one year | 16 | (523,798 | ) | (451,815 | ) |

PROVISIONS FOR LIABILITIES | 19 | (1,527,512 | ) | (1,113,977 | ) |

NET ASSETS | 4,075,242 |  | 7,029,263 |  |

CAPITAL AND RESERVES

Called up share capital | 20 | 2,254 |  | 2,254 |  |

Revaluation reserve | 21 | 2,833,350 |  | 5,255,344 |  |

Capital redemption reserve | 21 | 876 |  | 876 |  |

Other reserves | 21 | 970,731 |  | 414,400 |  |

Retained earnings | 21 | 268,031 |  | 1,356,389 |  |

SHAREHOLDERS' FUNDS | 4,075,242 |  | 7,029,263 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 3 July 2026 and were signed on its behalf by:

Mr H S Brown - Director

| BRIDGE END LIMITED (REGISTERED NUMBER: 00849428) |

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| Called up |

| share |  | Retained |  | Revaluation

| capital |  | earnings |  | reserve

£ | £ | £ |

Balance at 1 October 2023 | 2,254 |  | 1,273,333 |  | 4,463,423 |  |

Changes in equity

Dividends | - |  | (378,000 | ) | - |  |

Total comprehensive income | - |  | 461,056 |  | 791,921 |  |

Balance at 30 September 2024 | 2,254 |  | 1,356,389 |  | 5,255,344 |  |

Changes in equity

Dividends | - |  | (283,500 | ) | - |  |

Total comprehensive income | - |  | (804,858 | ) | (2,421,994 | ) |

Balance at 30 September 2025 | 2,254 |  | 268,031 |  | 2,833,350 |  |

| Capital |

| redemption |  | Other |  | Total

| reserve |  | reserves |  | equity

£ | £ | £ |

Balance at 1 October 2023 | 876 |  | 414,400 |  | 6,154,286 |  |

Changes in equity

Dividends | - |  | - |  | (378,000 | ) |

Total comprehensive income | - |  | - |  | 1,252,977 |  |

Balance at 30 September 2024 | 876 |  | 414,400 |  | 7,029,263 |  |

Changes in equity

Dividends | - |  | - |  | (283,500 | ) |

Total comprehensive income | - |  | 556,331 |  | (2,670,521 | ) |

Balance at 30 September 2025 | 876 |  | 970,731 |  | 4,075,242 |  |

| BRIDGE END LIMITED (REGISTERED NUMBER: 00849428) |

CASH FLOW STATEMENT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 1,515,186 |  | 49,256 |  |

Interest paid | (196,659 | ) | (38,065 | ) |

Tax paid | (120,246 | ) | (147,728 | ) |

Net cash from operating activities | 1,198,281 |  | (136,537 | ) |

Cash flows from investing activities

Purchase of tangible fixed assets | (4,803,048 | ) | (99,652 | ) |

Purchase of investment property | (633,226 | ) | - |  |

Net cash from investing activities | (5,436,274 | ) | (99,652 | ) |

Cash flows from financing activities

New Bank loans | 4,764,131 |  | - |  |

New Other loans | 100,000 |  | (101,934 | ) |

Capital repayments in year | (390,282 | ) | - |  |

Amount introduced by directors | 8,962 |  | - |  |

Amount withdrawn by directors | - |  | (5,449 | ) |

Equity dividends paid | (283,500 | ) | (378,000 | ) |

Net cash from financing activities | 4,199,311 |  | (485,383 | ) |

Decrease in cash and cash equivalents | (38,682 | ) | (721,572 | ) |

Cash and cash equivalents at beginning of year | 2 | (178,091 | ) | 543,481 |  |

Cash and cash equivalents at end of year | 2 | (216,773 | ) | (178,091 | ) |

| BRIDGE END LIMITED (REGISTERED NUMBER: 00849428) |

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. | RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 2025 |  | 2024

£ | £ |

| (Loss)/profit before taxation | (327,240 | ) | 657,947 |  |

| Depreciation charges | 197,077 |  | 146,433 |  |

| Loss on disposal of fixed assets | 655,735 |  | - |  |

| Gain on revaluation of fixed assets | (741,774 | ) | - |  |

| Finance costs | 196,659 |  | 38,065 |  |

(19,543 | ) | 842,445 |  |

| (Increase)/decrease in stocks | (164,447 | ) | 100,780 |  |

| Decrease/(increase) in trade and other debtors | 703,627 |  | (417,461 | ) |

| Increase/(decrease) in trade and other creditors | 995,549 |  | (476,508 | ) |

| Cash generated from operations | 1,515,186 |  | 49,256 |  |

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 | 2,854 |  | 5,977 |  |

| Bank overdrafts | (219,627 | ) | (184,068 | ) |

(216,773 | ) | (178,091 | ) |

| Year ended 30 September 2024

| 30/9/24 |  | 1/10/23

£ | £ |

| Cash and cash equivalents | 5,977 |  | 543,481 |  |

| Bank overdrafts | (184,068 | ) | - |  |

(178,091 | ) | 543,481 |  |

| BRIDGE END LIMITED (REGISTERED NUMBER: 00849428) |

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

3. | ANALYSIS OF CHANGES IN NET DEBT

| Other |

| non-cash |

| At 1/10/24 | Cash flow | changes | At 30/9/25

£ | £ | £ | £ |

| Net cash |

| Cash at bank

| and in hand | 5,977 |  | (3,123 | ) | 2,854 |  |

| Bank overdrafts | (184,068 | ) | (35,559 | ) | (219,627 | ) |

(178,091 | ) | (38,682 | ) | (216,773 | ) |

| Debt

| Finance leases | - |  | 19,018 |  | - |  | (214,617 | ) |

| Debts falling due

| within 1 year | (106,618 | ) | (4,588,774 | ) | - |  | (4,695,392 | ) |

| Debts falling due

| after 1 year | (451,815 | ) | 95,907 |  | - |  | (355,908 | ) |

(558,433 | ) | (4,473,849 | ) | - |  | (5,265,917 | ) |

| Total | (736,524 | ) | (4,512,531 | ) | - |  | (5,482,690 | ) |

| BRIDGE END LIMITED (REGISTERED NUMBER: 00849428) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. | STATUTORY INFORMATION

| Bridge End Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

2. | 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 as modified by the revaluation of certain assets.

| Significant judgements and estimates

| Investments

| The company assesses the carrying values of investments property annually or more frequently if warranted by a change in circumstances. If it is determined that the carrying values of investment property cannot be recovered, the unrecoverable amounts are charged to the profit and loss. Recoverability is dependent upon assumptions and judgements regarding discount rates, future cash flows and profit margins. A material change in assumptions may significantly impact the potential impairment of these assets.

| Operating lease commitments

| As a lessee, the company obtains the use of property, plant and equipment. The classification of such leases as operating or finance lease requires the company to determine, based on an evaluation of the terms and conditions of the arrangement, whether it retains or acquires the significant risks and rewards of ownership of these assets and accordingly whether the lease requires an asset and liability to be recognised in the statement of financial position.

| Useful economic life of non-current assets

| Management estimate the useful economic life of non-current assets based on the period over which the asset is expected to be used and provide for depreciation accordingly. Where an indication of impairment is identified the estimation of recoverable value requires estimation.

| Deferred tax

| Management estimation is required to determine the amount of deferred tax asset that can be recognised, based upon likely timing and level of future taxable profits.

| Turnover

| Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company?s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

| The company recognises revenue when:

| The amount of revenue can be reliably measured;

| it is probable that future economic benefits will flow to the entity;

| and specific criteria have been met for each of the company's activities.

| BRIDGE END LIMITED (REGISTERED NUMBER: 00849428) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

| The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

| Depreciation

| Depreciation is charged to allocate the cost or valuation of property, plant and equipment, less their residual values, over their estimated useful lives. Depreciation is recognised on a straight-line basis, writing off the cost or valuation of the assets over their useful economic lives.

| Asset class |  | Depreciation method and rate |  |

| Land and building ( Freehold / Leasehold ) |  | 2% Straight line |  |

| Plant and machinery |  | 15- 20% reducing balance |  |

| Fixtures, fittings and equipment |  | 15% reducing balance |  |

| Computer Equipment |  | 15% reducing balance |  |

| Motor Vehicles |  | 15% reducing balance |

| Investment property

| Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

| The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

| Taxation

| The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

| The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

| BRIDGE END LIMITED (REGISTERED NUMBER: 00849428) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Defined contribution pension obligation

| A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

| Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

| BRIDGE END LIMITED (REGISTERED NUMBER: 00849428) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Trade debtors

| Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

| Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

| Cash and cash equivalents

| Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

| Trade creditors

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

| Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

| Borrowings

| Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of income and retained earnings over the period of the relevant borrowing.

| Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

| Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

| Share capital

| Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

| Dividends

| Dividend distribution to the company's shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

| BRIDGE END LIMITED (REGISTERED NUMBER: 00849428) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

3. | TURNOVER

| The turnover and loss (2024 - profit) before taxation are attributable to the principal activities of the company.

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

| 2025 |  | 2024

£ | £ |

| Sale of goods | 12,763,255 |  | 17,755,101 |  |

| Rental income from investment | 42,665 |  | 42,428 |  |

| Commissions received | 19,117 |  | 46,947 |  |

12,825,037 |  | 17,844,476 |  |

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

| 2025 |  | 2024

£ | £ |

| United Kingdom | 12,825,037 |  | 17,844,476 |  |

12,825,037 |  | 17,844,476 |  |

4. | OTHER OPERATING INCOME

| 2025 |  | 2024

£ | £ |

| Other interest received | 40 |  | 742 |  |

5. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 544,513 |  | 540,677 |  |

| Social security costs | 46,169 |  | 36,981 |  |

| Other pension costs | 8,934 |  | 9,312 |  |

599,616 |  | 586,970 |  |

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

| 2025 |  | 2024

| Administration and support | 8 |  | 8 |  |

| Sales | 23 |  | 23 |  |

31 |  | 31 |  |

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 58,143 |  | 69,976 |  |

| Directors' pension contributions to money purchase schemes | 1,084 |  | 1,321 |  |

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 1 |  | 1 |  |

| BRIDGE END LIMITED (REGISTERED NUMBER: 00849428) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

6. | OPERATING (LOSS)/PROFIT

| The operating loss (2024 - operating profit) is stated after charging:

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 197,078 |  | 146,431 |  |

| Loss on disposal of fixed assets | 655,735 |  | - |  |

7. | AUDITORS' REMUNERATION

| 2025 |  | 2024

£ | £ |

| Fees payable to the company's auditors for the audit of the company's financial statements | 11,908 |  | 8,350 |  |

| Total audit fees | 11,908 |  | 8,350 |  |

| Auditors' remuneration for non audit work | 8,545 |  | 10,395 |  |

| Total non-audit fees | 8,545 |  | 10,395 |  |

| Total fees payable | 20,453 |  | 18,745 |  |

8. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank loan interest | 162,568 |  | 27,480 |  |

| Other interest | 33,091 |  | 9,585 |  |

| Late filing penalty | 1,000 |  | 1,000 |  |

196,659 |  | 38,065 |  |

9. | TAXATION

| Analysis of the tax charge

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

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | (198,939 | ) | 198,939 |  |

| Deferred tax | 438,157 |  | (2,048 | ) |

| Tax on (loss)/profit | 239,218 |  | 196,891 |  |

| UK corporation tax was charged at 25%) in 2024.

| BRIDGE END LIMITED (REGISTERED NUMBER: 00849428) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

9. | TAXATION - continued

| 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:

| 2025 |  | 2024

£ | £ |

| (Loss)/profit before tax | (327,240 | ) | 657,947 |  |

| (Loss)/profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | (81,810 | ) | 164,487 |  |

| Effects of:

| Expenses not deductible for tax purposes | 250 |  | 250 |  |

| Depreciation in excess of capital allowances | 333,773 |  | 32,154 |  |

| Utilisation of tax losses | (198,439 | ) | - |  |

| reconciliation between profit |

| Revaluation of investment property | 185,444 |  | - |  |

| Total tax charge | 239,218 |  | 196,891 |  |

| Tax effects relating to effects of other comprehensive income |

| 2025 |

| Gross |  | Tax |  | Net |

£ | £ | £ |

| Surplus/deficit on property revaluation | (2,128,684 | ) | 24,621 |  | (2,104,063 | ) |

| 2024 |

| Gross |  | Tax |  | Net |

£ | £ | £ |

| Surplus /deficit on property revaluation | 1,082,414 |  | (290,493 | ) | 791,921 |  |

10. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Ordinary A Shares shares of 1 each

| Final | - |  | 378,000 |  |

| Interim | 283,500 |  | - |  |

283,500 |  | 378,000 |  |

| BRIDGE END LIMITED (REGISTERED NUMBER: 00849428) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

11. | TANGIBLE FIXED ASSETS

| Freehold |  | Long |  | Plant and

| property |  | leasehold |  | machinery

£ | £ | £ |

| COST OR VALUATION

| At 1 October 2024 | 6,907,636 |  | 303,210 |  | 651,883 |  |

| Additions | 4,311,705 |  | - |  | 409,432 |  |

| Disposals | (651,974 | ) | - |  | (593,445 | ) |

| Revaluations | (2,290,506 | ) | - |  | - |  |

| At 30 September 2025 | 8,276,861 |  | 303,210 |  | 467,870 |  |

| DEPRECIATION

| At 1 October 2024 | 46,223 |  | 86,198 |  | 629,138 |  |

| Charge for year | 147,670 |  | 4,564 |  | 19,141 |  |

| Eliminated on disposal | (5,211 | ) | - |  | (575,856 | ) |

| Revaluation adjustments | (161,821 | ) | - |  | - |  |

| At 30 September 2025 | 26,861 |  | 90,762 |  | 72,423 |  |

| NET BOOK VALUE

| At 30 September 2025 | 8,250,000 |  | 212,448 |  | 395,447 |  |

| At 30 September 2024 | 6,861,413 |  | 217,012 |  | 22,745 |  |

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 October 2024 | 292,215 |  | 62,000 |  | - |  | 8,216,944 |  |

| Additions | 259,473 |  | - |  | 56,073 |  | 5,036,683 |  |

| Disposals | (54,433 | ) | - |  | - |  | (1,299,852 | ) |

| Revaluations | - |  | - |  | - |  | (2,290,506 | ) |

| At 30 September 2025 | 497,255 |  | 62,000 |  | 56,073 |  | 9,663,269 |  |

| DEPRECIATION

| At 1 October 2024 | 270,925 |  | 12,594 |  | - |  | 1,045,078 |  |

| Charge for year | 15,839 |  | 7,411 |  | 2,453 |  | 197,078 |  |

| Eliminated on disposal | (63,050 | ) | - |  | - |  | (644,117 | ) |

| Revaluation adjustments | - |  | - |  | - |  | (161,821 | ) |

| At 30 September 2025 | 223,714 |  | 20,005 |  | 2,453 |  | 436,218 |  |

| NET BOOK VALUE

| At 30 September 2025 | 273,541 |  | 41,995 |  | 53,620 |  | 9,227,051 |  |

| At 30 September 2024 | 21,290 |  | 49,406 |  | - |  | 7,171,866 |  |

| BRIDGE END LIMITED (REGISTERED NUMBER: 00849428) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

11. | TANGIBLE FIXED ASSETS - continued

| Cost or valuation at 30 September 2025 is represented by:

| Freehold |  | Long |  | Plant and

| property |  | leasehold |  | machinery

£ | £ | £ |

| Valuation in 2025 | 3,777,801 |  | - |  | - |  |

| Cost | 4,499,060 |  | 303,210 |  | 467,870 |  |

8,276,861 |  | 303,210 |  | 467,870 |  |

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| Valuation in 2025 | - |  | - |  | - |  | 3,777,801 |  |

| Cost | 497,255 |  | 62,000 |  | 56,073 |  | 5,885,468 |  |

497,255 |  | 62,000 |  | 56,073 |  | 9,663,269 |  |

| If Freehold property had not been revalued it would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 4,499,060 |  | 1,188,516 |  |

| Aggregate depreciation | (26,860 | ) | (370,733 | ) |

| Value of land in freehold land and buildings | 129,720 |  | 129,720 |  |

| Included in freehold property is £129,720 for land which is not depreciated.

| The freehold property was valued on a market value basis on 3 December 2025 by Knight Frank LLP. The director is of the opinion that this valuation is appropriate and fairly reflects the property's value, notwithstanding that it was undertaken subsequent to the balance sheet date.

| Tangible fixed assets including assets held under hire purchase agreements with a net book value of £223,413 ( 2024: £Nil) at the year end. Depreciation is charged on these assets in accordance with the company's accounting policy for owned assets of the same class.

12. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 October 2024 | 950,000 |  |

| Additions | 633,226 |  |

| Revaluations | 741,774 |  |

| At 30 September 2025 | 2,325,000 |  |

| NET BOOK VALUE

| At 30 September 2025 | 2,325,000 |  |

| At 30 September 2024 | 950,000 |  |

| BRIDGE END LIMITED (REGISTERED NUMBER: 00849428) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

12. | INVESTMENT PROPERTY - continued

| Fair value at 30 September 2025 is represented by:

£ |

| Valuation in 2025 | 1,294,307 |  |

| Cost | 1,030,693 |  |

2,325,000 |  |

| If Investment property had not been revalued it would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 1,030,693 |  | 397,467 |  |

| The freehold property was valued on a market value basis on 3 December 2025 by Knight Frank LLP. The director is of the opinion that this valuation is appropriate and fairly reflects the property's value, notwithstanding that it was undertaken subsequent to the balance sheet date.

13. | STOCKS

2025 | 2024 |

£ | £ |

| Finished goods | 286,970 |  | 122,523 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 196,908 |  | 87,885 |  |

| Amounts owed by participating interests | 6,999 |  | 13,879 |  |

| Directors' current accounts | 803,146 |  | 812,108 |  |

| Tax | 200,787 |  | 249,390 |  |

| Prepayments | 109,045 |  | 921,695 |  |

1,316,885 |  | 2,084,957 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 17) | 4,849,531 |  | 290,686 |  |

| Other loans (see note 17) | 65,488 |  | - |  |

| Hire purchase contracts (see note 18) | 46,727 |  | - |  |

| Trade creditors | 1,648,013 |  | 812,408 |  |

| Amounts owed to participating interests | 139,518 |  | - |  |

| Tax | 154,456 |  | 522,244 |  |

| Social security and other taxes | 17,057 |  | 10,368 |  |

| VAT | 33,905 |  | 909 |  |

| Other creditors | 3,525 |  | - |  |

| Accruals and deferred income | 73,988 |  | 103,653 |  |

7,032,208 |  | 1,740,268 |  |

| BRIDGE END LIMITED (REGISTERED NUMBER: 00849428) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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

2025 | 2024 |

£ | £ |

| Bank loans (see note 17) | 355,908 |  | 451,815 |  |

| Hire purchase contracts (see note 18) | 167,890 |  | - |  |

523,798 |  | 451,815 |  |

17. | LOANS

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

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank overdrafts | 219,627 |  | 184,068 |  |

| Bank loans | 4,629,904 |  | 106,618 |  |

| Other loans | 65,488 |  | - |  |

4,915,019 |  | 290,686 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | 355,908 |  | 451,815 |  |

| Lloyds Bank loan 1 is denominated in Sterling with a nominal interest rate of

| 3.91%, and the final instalment is due on 22 June 2026. The carrying amount at year end is £45,318

| (2024 - £103,728).

| This loan is secured as follows:

| First legal charge over freehold land and buildings at Oversley Mill Services;

| First legal charge over freehold and and buildings at Former Little Chef, Oversley Mill Services; and

| an unlimited debenture.

| Lloyds Bank loan 2 is denominated in Sterling with a nominal interest rate of

| 4.59%, and the final instalment is due on 28 January 2027. The carrying amount at year end is

| £406,362.54 (2024 - £454,704).

| This loan is secured by a legal charge over the freehold land and buildings at Oversley Mill Services.

| Lloyds Bank loan 3 was entered from 13 December 2024 and is denominated in Sterling with a nominal interest rate of 7.25%, and the final instalment is due on 12 November 2025. The carrying amount at year end is £4,534,131 (2024 - £nil). The loan was repaid in full on 27 February 2026 and refinanced through a new 20-year loan facility of £5.1 million. The final instalment of the new loan is due in February 2046.

| BRIDGE END LIMITED (REGISTERED NUMBER: 00849428) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

18. | LEASING AGREEMENTS

| Operating leases - Lessee

| The total of future minimum lease payments is as follows:

|  | 2025 |  | 2024 |  |

| Not later than one year |  |  | 135,000 |  | 135,000 |  |

| Later than 1 year and not later than 5 years |  |  | 540,000 |  | 540,000 |  |

| Later than 5 years |  |  | 1,755,000 |  | 1,890,000 |  |

| Total future payments |  |  | 2,430,000 |  | 2,565,000 |  |

| Operating leases - Lessor

| The total of future minimum lease payments is as follows:

|  | 2025 |  | 2024 |  |

| Not later than one year |  |  | 99,332 |  | 42,665 |  |

| Later than 1 year and not later than 5 years |  |  | 498,060 |  | 173,620 |  |

| Later than 5 years |  |  | 916,018 |  | 179,790 |  |

| Total future payments |  |  | 1,513,410 |  | 396,075 |  |

| Hire Purchase Liabilities

| The total of future minimum lease payments is as follows:

|  | 2025 |  | 2024 |

| Not later than one year |  |  | 46,727 |  | - |

| Later than 1 year and not later than 5 years |  |  | 167,890 |  | - |

| Later than 5 years |  |  | - |  | - |

| Total future payments |  |  | 214,617 |  | - |

19. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 1,527,512 |  | 1,113,977 |  |

| Deferred |

| tax |

£ |

| Balance at 1 October 2024 | 1,113,977 |  |

| Charge to Income Statement during year | 421,334 |  |

| Investment Prop revaluation | 185,443 |  |

| Land & Building revaluation | (24,621 | ) |

| Loss carried forward | (168,621 | ) |

| Balance at 30 September 2025 | 1,527,512 |  |

| BRIDGE END LIMITED (REGISTERED NUMBER: 00849428) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

20. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 300 | Ordinary A Shares | 1 | 300 |  | 300 |  |

| 1,954 | Ordinary B Shares | 1 | 1,954 |  | 1,954 |  |

2,254 |  | 2,254 |  |

21. | RESERVES

| Capital |

| Retained |  | Revaluation |  | redemption |  | Other |

| earnings |  | reserve |  | reserve |  | reserves |  | Totals

£ | £ | £ | £ | £ |

| At 1 October 2024 | 1,356,389 |  | 5,255,344 |  | 876 |  | 414,400 |  | 7,027,009 |  |

| Deficit for the year | (566,458 | ) | (566,458 | ) |

| Dividends | (283,500 | ) | (283,500 | ) |

| Other movement | 317,931 |  | (317,931 | ) | - |  | - |  | - |  |

| Property deferred tax | 185,443 |  | 24,621 |  | - |  | (185,443 | ) | 24,621 |  |

| Property Revaluation | (741,774 | ) | (2,128,684 | ) | - |  | 741,774 |  | (2,128,684 | ) |

| At 30 September 2025 | 268,031 |  | 2,833,350 |  | 876 |  | 970,731 |  | 4,072,988 |  |

| Other reserves represents the non-distributable element of the profit and loss account reserve arising

| as a result of the disclosure of investment properties at fair value.

22. | PENSION COMMITMENTS

| The company operates a defined contribution pension scheme. The pension cost charge for the year

| represents contributions payable by the company to the scheme and amounted to £8,934 (2024 -

| £9,837).

| Contributions totalling £Nil (2024 - £Nil) were payable to the scheme at the end of the year and

| are included in creditors.

23. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 30 September 2025 and 30 September 2024:

2025 | 2024 |

£ | £ |

| Mr A Brown

| Balance outstanding at start of year | 812,108 |  | 806,659 |  |

| Amounts advanced | 399,370 |  | 395,875 |  |

| Amounts repaid | (408,332 | ) | (390,426 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 803,146 |  | 812,108 |  |

| BRIDGE END LIMITED (REGISTERED NUMBER: 00849428) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

24. | RELATED PARTY DISCLOSURES

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

2025 | 2024 |

£ | £ |

| Sales | 21,725 |  | 69,603 |  |

| Purchases | - |  | 34,743 |  |

| Transfers | 28,124 |  | 54,301 |  |

| Loans | 140,000 |  | - |  |

| Amount due from related party | - |  | 13,879 |  |

| Amount due to related party | 132,520 |  | - |  |