Company registration number 08882733 (England and Wales)
EDGE TRANSPORT (PROPERTIES) LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
EDGE TRANSPORT (PROPERTIES) LIMITED
COMPANY INFORMATION
Directors
Mr J Edge
Mrs N Edge
Company number
08882733
Registered office
Easter Park
Fourth Avenue
Deeside Industrial Park
Deeside
Flintshire
Nth Wales
CH5 2NR
Auditor
Mitchell Charlesworth (Audit) Limited
24 Nicholas Street
Chester
CH1 2AU
EDGE TRANSPORT (PROPERTIES) LIMITED
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3
Directors' responsibilities statement
4
Independent auditor's report
5 - 7
Group statement of comprehensive income
8
Group balance sheet
9 - 10
Company balance sheet
11 - 12
Group statement of changes in equity
13
Company statement of changes in equity
14
Group statement of cash flows
15
Company statement of cash flows
16
Notes to the financial statements
17 - 36
EDGE TRANSPORT (PROPERTIES) LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 1 -

The directors present the strategic report for the year ended 31 December 2025.

Principal activities

The principal activity of the company continued to be the provision of high-quality warehouse storage and distribution solutions.

Our ethos of working together to take pride in doing ordinary things extraordinary well continues to deliver high quality services and customer satisfaction. Our core values are at the heart of everything we do as a family run business:

- Ambition

- Caring

- Commitment

Principal Directors

The Directors were deeply saddened by the passing of Anthea Cleland at the end of 2025. As a much-loved member of the family and having been part of the business for many years, Anthea's commitment and support helped shape the company into the organisation it is today.

During 2026, the Company intends to commemorate Anthea's contribution and celebrate the legacy she leaves within both the family and the business.

Steve Lloyd continues as Non-Executive Director, offering his experience and insight to support Jonathan and Nikki Edge, who continue to lead the family business as Executive Directors and remain committed to its long-term success and sustainability.

Review of the business, including KPIs

Despite a challenging economic environment throughout 2025, the company delivered a positive financial performance.

Revenue increased from £9.5m in 2024 to £11.5m in 2025 because of the expansion of the network delivery area and increase in ADR regulated transport solutions.

We have continued to take a pragmatic approach to cost increases, continuing to work in partnership with our suppliers, managing costs where possible whilst ensuring that there was no impact on service levels. Operating profit increased by 19% to £951,461. Profit before tax has increased which demonstrates the resilience of the business in the face of significant market pressures affecting the UK transport and logistics sector.

The company enters 2026 with an even stronger operational foundation, well protected key customer relationships, as well as a commitment to continue investment in service quality, compliance, fleet management, and technology improvements.

Principal risks and uncertainties

The year was characterised by continued inflationary pressures, rising employment costs, subdued economic growth, intense pricing competition, and ongoing challenges in driver recruitment and retention.

I nflation continued to impact vehicle maintenance, tyres and parts, insurance premiums, utilities and business overheads. T he cumulative effect of these increases placed sustained pressure on operating margins throughout the year.

Many customers continued to face their own economic challenges and sought to reduce logistics expenditure wherever possible. Annual rate increases were more difficult to secure, and margins were reduced to maintain relationships and protect profitability.

Reduced consumer confidence and weaker economic activity also impacted freight volumes for several key customers resulting in lower utilisation opportunities, increased competition for available work and increased instances of bad debts.

The business remained firmly profitable and generated a strong financial result relative to prevailing market conditions.

EDGE TRANSPORT (PROPERTIES) LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
Development and performance

Our k ey achievements during 2025

- R etention of core customer base

- O perational stability

- Cost management

- Safe and economical driving performance reward scheme implemented

- Investment in IT infrastructure and software

- Foundations laid for high performance management team

Other information and explanations

Whilst economic conditions remain uncertain, there are several reasons for cautious optimism.

- Benefits of high performing management team visible

- Improved route optimisation and AI implementation

- Greater focus on commercially sustainable business

C onclusion

The company performance should be viewed within the context of a highly challenging economic climate, particularly within the UK transport industry.

Despite significant inflationary pressures, rising employment costs, intense market competition and ongoing economic uncertainty, the company remained profitable, maintained strong customer relationships and continued to invest in the future of the business.

The 2025 result demonstrates the resilience of the business model and with a continued focus on management team development, operational efficiency, commercial discipline and customer service, the company is well placed to strengthen profitability and pursue sustainable growth during 2026 and beyond.

On behalf of the board

Mr J Edge
Director
9 June 2026
EDGE TRANSPORT (PROPERTIES) LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -

The directors present their annual report and financial statements for the year ended 31 December 2025.

Results and dividends

The results for the year are set out on page 8.

Ordinary dividends were paid amounting to £204,055. The directors do not recommend payment of a further dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr J Edge
Mrs A Cleland
(Resigned 27 December 2025)
Mrs N Edge
Acquisition of own shares

During the year the company purchased 426 shares (6.9% of the called up share capital) for consideration of £215,000. The maximum number of shares held in the year was 6,197 at a nominal value of £6,197. During the year, the 426 shares that were repurchased were cancelled.

A further 462 shares are due to be repurchased in 2025 for a total consideration of £215,000.

Auditor

The auditor, Mitchell Charlesworth (Audit) Limited, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

On behalf of the board
Mr J Edge
Director
9 June 2026
EDGE TRANSPORT (PROPERTIES) LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

United Kingdom company law requires the directors to prepare financial statements for each financial year. Under that law, the directors have elected to prepare the group and parent company 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 group and parent company, 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;

- state whether applicable U nited K ingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

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

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and parent company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and parent 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 group and parent company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

EDGE TRANSPORT (PROPERTIES) LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF EDGE TRANSPORT (PROPERTIES) LIMITED
- 5 -
Opinion

We have audited the financial statements of Edge Transport (Properties) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows, the company statement of cash flows and notes to the financial statements, including 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 the parent company's affairs as at 31 December 2025 and of the group's profit for the year then ended;

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

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

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent 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 group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

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

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

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

- T he information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- The strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

EDGE TRANSPORT (PROPERTIES) LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF EDGE TRANSPORT (PROPERTIES) LIMITED
- 6 -
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 their environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

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

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

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

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

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

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the group's and 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 parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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

Extent to which the audit was considered capable of detecting irregularities, including fraud

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.

Identifying and assessing potential risks related to irregularities

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

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

- the group's own assessment of the risks that irregularities may occur either as a result of fraud or error;

- the results of our enquiries of management and directors of their own identification and assessment of the risks of irregularities;

- any matters we identified having obtained and reviewed the group's documentation of their policies and procedures relating to:

- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; and

- the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

EDGE TRANSPORT (PROPERTIES) LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF EDGE TRANSPORT (PROPERTIES) LIMITED
- 7 -

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas:

(i) The presentation of the group's Statement of Comprehensive Income and (ii) the group's accounting policy for revenue recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory framework that the group 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 the UK Companies Act, and GDPR legislation.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty. This includes regulations concerning Data Protection.

Audit response to risk identified

As a result of performing the above, we identified revenue recognition and adherence to laws and regulations as the key audit matters related to the potential risk of fraud. Our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with relevant laws and regulations described above as having a direct effect on the financial statements;

- enquiring of management and directors concerning actual and potential litigation and claims;

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

- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the parent 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 parent company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the parent company and the parent company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Robert Hall (Senior Statutory Auditor)
For and on behalf of Mitchell Charlesworth (Audit) Limited, Statutory Auditor
Accountants
24 Nicholas Street
Chester
CH1 2AU
10 June 2026
EDGE TRANSPORT (PROPERTIES) LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
2025
2024
Notes
£
£
Turnover
3
11,531,017
9,549,592
Cost of sales
(8,946,542)
(7,185,105)
Gross profit
2,584,475
2,364,487
Administrative expenses
(1,644,090)
(1,555,400)
Other operating income/(expenses)
11,076
(9,865)
Operating profit
4
951,461
799,222
Interest receivable and similar income
6
116,756
12,310
Interest payable and similar expenses
7
(297,439)
(336,209)
Profit before taxation
770,778
475,323
Tax on profit
8
(369,346)
(134,349)
Profit for the financial year
24
401,432
340,974
Other comprehensive income
Revaluation of tangible fixed assets
908,667
-
0
Total comprehensive income for the year
1,310,099
340,974
Profit for the financial year is attributable to:
- Owners of the parent company
401,432
340,066
- Non-controlling interests
-
908
401,432
340,974
Total comprehensive income for the year is attributable to:
- Owners of the parent company
1,310,099
340,066
- Non-controlling interests
-
0
908
1,310,099
340,974
EDGE TRANSPORT (PROPERTIES) LIMITED
GROUP BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 9 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
10
9,158,425
8,478,900
Investments
11
72,279
72,279
9,230,704
8,551,179
Current assets
Stocks
13
39,133
49,316
Debtors
14
1,991,609
2,079,693
Cash at bank and in hand
316,077
223,639
2,346,819
2,352,648
Creditors: amounts falling due within one year
15
(2,218,428)
(2,203,576)
Net current assets
128,391
149,072
Total assets less current liabilities
9,359,095
8,700,251
Creditors: amounts falling due after more than one year
16
(4,097,568)
(4,413,344)
Provisions for liabilities
Deferred tax liability
19
873,188
689,612
(873,188)
(689,612)
Net assets
4,388,339
3,597,295
Capital and reserves
Called up share capital
21
5,345
5,771
Revaluation reserve
22
1,727,491
831,967
Capital redemption reserve
23
4,855
4,429
Profit and loss reserves
24
2,619,796
2,724,276
Equity attributable to owners of the parent company
4,357,487
3,566,443
Non-controlling interests
30,852
30,852
Total equity
4,388,339
3,597,295
EDGE TRANSPORT (PROPERTIES) LIMITED
GROUP BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 10 -

These financial statements have been prepared in accordance with the provisions relating to medium-sized groups.

The financial statements were approved by the board of directors and authorised for issue on 9 June 2026 and are signed on its behalf by:
09 June 2026
Mr J Edge
Director
Company registration number 08882733 (England and Wales)
EDGE TRANSPORT (PROPERTIES) LIMITED
COMPANY BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 11 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
10
5,799,026
4,964,000
Investments
11
8,100
8,100
5,807,126
4,972,100
Current assets
Debtors
14
3,250
3,064
Cash at bank and in hand
298,292
98,254
301,542
101,318
Creditors: amounts falling due within one year
15
(1,495,815)
(1,266,906)
Net current liabilities
(1,194,273)
(1,165,588)
Total assets less current liabilities
4,612,853
3,806,512
Creditors: amounts falling due after more than one year
16
(2,630,746)
(2,705,261)
Provisions for liabilities
Deferred tax liability
19
221,791
33,184
(221,791)
(33,184)
Net assets
1,760,316
1,068,067
Capital and reserves
Called up share capital
21
5,345
5,771
Revaluation reserve
22
1,727,491
831,967
Capital redemption reserve
23
2,855
2,429
Profit and loss reserves
24
24,625
227,900
Total equity
1,760,316
1,068,067
EDGE TRANSPORT (PROPERTIES) LIMITED
COMPANY BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2025
31 December 2025
- 12 -

As permitted by section 408 of the Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s profit for the year was £202,637 (2024 - £255,570 profit).

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 9 June 2026 and are signed on its behalf by:
09 June 2026
Mr J Edge
Director
Company registration number 08882733 (England and Wales)
EDGE TRANSPORT (PROPERTIES) LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 13 -
Share capital
Revaluation reserve
Capital redemption reserve
Profit and loss reserves
Total controlling interest
Non-controlling interest
Total
Notes
£
£
£
£
£
£
£
Balance at 1 January 2024
6,197
849,300
4,003
2,746,716
3,606,216
29,944
3,636,160
Year ended 31 December 2024:
Profit and total comprehensive income
-
-
-
340,066
340,066
908
340,974
Dividends
9
-
-
-
(164,839)
(164,839)
-
(164,839)
Own shares acquired
-
-
-
(215,000)
(215,000)
-
(215,000)
Redemption of shares
21
(426)
-
426
-
-
0
-
-
Transfers
-
(17,333)
-
17,333
-
-
-
Balance at 31 December 2024
5,771
831,967
4,429
2,724,276
3,566,443
30,852
3,597,295
Year ended 31 December 2025:
Profit for the year
-
-
-
401,432
401,432
-
401,432
Other comprehensive income:
Revaluation of tangible fixed assets
-
908,667
-
-
908,667
-
908,667
Total comprehensive income
-
908,667
-
401,432
1,310,099
-
1,310,099
Dividends
9
-
-
-
(304,055)
(304,055)
-
(304,055)
Own shares acquired
-
-
-
(215,000)
(215,000)
-
(215,000)
Redemption of shares
21
(426)
-
426
-
-
0
-
-
Transfers
-
(13,143)
-
13,143
-
-
-
Balance at 31 December 2025
5,345
1,727,491
4,855
2,619,796
4,357,487
30,852
4,388,339
EDGE TRANSPORT (PROPERTIES) LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 14 -
Share capital
Revaluation reserve
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 1 January 2024
6,197
849,300
2,003
334,837
1,192,337
Year ended 31 December 2024:
Profit and total comprehensive income for the year
-
-
-
255,569
255,569
Dividends
9
-
-
-
(164,839)
(164,839)
Own shares acquired
-
-
-
(215,000)
(215,000)
Redemption of shares
21
(426)
-
426
-
-
0
Transfers
-
(17,333)
-
17,333
-
Balance at 31 December 2024
5,771
831,967
2,429
227,900
1,068,067
Year ended 31 December 2025:
Profit for the year
-
-
-
202,637
202,637
Other comprehensive income:
Revaluation of tangible fixed assets
-
908,667
-
-
908,667
Total comprehensive income
-
908,667
-
202,637
1,111,304
Dividends
9
-
-
-
(204,055)
(204,055)
Own shares acquired
-
-
-
(215,000)
(215,000)
Redemption of shares
21
(426)
-
426
-
-
0
Transfers
-
(13,143)
-
13,143
-
Balance at 31 December 2025
5,345
1,727,491
2,855
24,625
1,760,316
EDGE TRANSPORT (PROPERTIES) LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 15 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
28
1,796,634
1,818,951
Interest paid
(297,439)
(336,209)
Net cash inflow from operating activities
1,499,195
1,482,742
Investing activities
Purchase of tangible fixed assets
(670,234)
(620,249)
Proceeds from disposal of tangible fixed assets
57,583
(107)
Interest received
2,994
2,173
Dividends received
113,762
10,137
Net cash used in investing activities
(495,895)
(608,046)
Financing activities
Purchase of own shares
(215,000)
(215,000)
Repayment of bank loans
(86,423)
(216,424)
Payment of finance leases obligations
(305,384)
(223,003)
Dividends paid to equity shareholders
(304,055)
(164,839)
Net cash used in financing activities
(910,862)
(819,266)
Net increase in cash and cash equivalents
92,438
55,430
Cash and cash equivalents at beginning of year
223,639
168,209
Cash and cash equivalents at end of year
316,077
223,639
EDGE TRANSPORT (PROPERTIES) LIMITED
COMPANY STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 16 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
29
561,433
654,391
Interest paid
(174,228)
(216,536)
Net cash inflow from operating activities
387,205
437,855
Investing activities
Interest received
2,994
2,173
Dividends received
298,650
213,945
Net cash generated from investing activities
301,644
216,118
Financing activities
Purchase of treasury shares
(215,000)
(215,000)
Repayment of bank loans
(69,756)
(206,424)
Dividends paid to equity shareholders
(204,055)
(164,839)
Net cash used in financing activities
(488,811)
(586,263)
Net increase in cash and cash equivalents
200,038
67,710
Cash and cash equivalents at beginning of year
98,254
30,544
Cash and cash equivalents at end of year
298,292
98,254
EDGE TRANSPORT (PROPERTIES) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 17 -
1
Accounting policies
Company information

Edge Transport (Properties) Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is Easter Park, Fourth Avenue, Deeside Industrial Park, Deeside, Flintshire, Nth Wales, CH5 2NR.

The group consists of Edge Transport (Properties) Limited and all of its subsidiaries.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties at fair value. The principal accounting policies adopted are set out below.

1.2
Business combinations

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

1.3
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Edge Transport (Properties) Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

All financial statements are made up to 31 December 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

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

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

EDGE TRANSPORT (PROPERTIES) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 18 -

Entities in which the group holds an interest and which are jointly controlled by the group and one or more other venturers under a contractual arrangement are treated as joint ventures. Entities other than subsidiary undertakings or joint ventures, in which the group has a participating interest and over whose operating and financial policies the group exercises a significant influence, are treated as associates.

Investments in joint ventures and associates are carried in the group balance sheet at cost plus post-acquisition changes in the group’s share of the net assets of the entity, less any impairment in value. The carrying values of investments in joint ventures and associates include acquired goodwill.

If the group’s share of losses in a joint venture or associate equals or exceeds its investment in the joint venture or associate, the group does not recognise further losses unless it has incurred obligations to do so or has made payments on behalf of the joint venture or associate.

Unrealised gains arising from transactions with joint ventures and associates are eliminated to the extent of the group’s interest in the entity.

1.4
Going concern

A t the time of approving the financial statements, t he directors have a reasonable expectation that the group and parent company ha ve adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.5
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

1.6
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.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Between 0% and 2% on cost
Leasehold improvements
Between 5% and 20% on cost
Plant and equipment
Between 20% and 25% on cost
Trailers
Between 14% and 33% on cost
Office equipment
Between 20% and 25% on cost
Motor vehicles
Between 14% and 7% on cost

Freehold land is not depreciated. Freehold properties are depreciated at 2% straight line. The freehold land is not depreciated and this is a departure from the requirement in the Companies Act 2006 for all fixed assets to be depreciated. This departure from the Act is required in order to achieve a fair presentation. Management has concluded that the financial statements present fairly the entity's financial position and financial performance.

EDGE TRANSPORT (PROPERTIES) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 19 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.7
Fixed asset investments

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

I n the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The group considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Investments in associates are initially recognised at the transaction price (including transaction costs) and are subsequently adjusted to reflect the g roup’s share of the profit or loss, other comprehensive income and equity of the associate using the equity method. Any difference between the cost of acquisition and the share of the fair value of the net identifiable assets of the associate on acquisition is recognised as goodwill. Any unamortised balance of goodwill is included in the carrying value of the investment in associates.

Losses in excess of the carrying amount of an investment in an associate are recorded as a provision only when the company has incurred legal or constructive obligations or has made payments on behalf of the associate.

In the parent c ompany financial statements, investments in associates are accounted for at cost less impairment.

Entities in which the group has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.8
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

EDGE TRANSPORT (PROPERTIES) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 20 -

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.9
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.10
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.11
Financial instruments

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

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

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

Basic financial assets

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

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

EDGE TRANSPORT (PROPERTIES) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 21 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

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

Classification of financial liabilities

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

Basic financial liabilities

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

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

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

Other financial liabilities

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

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

Derecognition of financial liabilities

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

EDGE TRANSPORT (PROPERTIES) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 22 -
1.12
Equity instruments

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

1.13
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.14
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.15
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.16
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

EDGE TRANSPORT (PROPERTIES) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 23 -

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

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

3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by class of business
Rendering of services
11,531,016
9,549,592
Analysis per statutory database
11,531,016
9,549,592
Statutory database analysis does not agree to the trial balance by:
1
-
2025
2024
£
£
Other revenue
Interest income
2,994
2,173
Dividends received
113,762
10,137
4
Operating profit
2025
2024
£
£
Operating profit for the year is stated after charging:
Fees payable to the group's auditor for the audit of the group's financial statements
6,975
8,313
Depreciation of tangible fixed assets
829,376
788,890
Loss on disposal of tangible fixed assets
12,417
11,295
Operating lease charges
267,660
173,298
EDGE TRANSPORT (PROPERTIES) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 24 -
5
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
Production staff
69
57
-
-
Administrative staff
18
16
-
-
Management staff
3
3
-
-
Total
90
76
0
0

Their aggregate remuneration comprised:

Group
Company
2025
2024
2025
2024
£
£
£
£
Wages and salaries
2,965,109
2,486,009
-
0
-
0
Social security costs
334,676
238,815
-
-
Pension costs
71,049
84,758
-
0
-
0
3,370,834
2,809,582
-
0
-
0
6
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
2,994
2,173
Other income from investments
Dividends received
13,762
10,137
Total income excluding fixed asset investments
16,756
12,310
Income from fixed asset investments
Income from shares in group undertakings
100,000
-
0
Total income
116,756
12,310
2025
2024
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
2,994
2,173
EDGE TRANSPORT (PROPERTIES) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 25 -
7
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
174,493
217,137
Other finance costs:
Interest on finance leases and hire purchase contracts
122,946
119,072
Total finance costs
297,439
336,209
8
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
185,770
-
0
Deferred tax
Origination and reversal of timing differences
183,576
134,349
Total tax charge
369,346
134,349
EDGE TRANSPORT (PROPERTIES) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
8
Taxation
(Continued)
- 26 -

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
770,778
475,323
Expected tax charge based on the standard rate of corporation tax in the UK of 25% (2024: 25%)
192,695
118,831
Effects of:
Expenses that are not deductible in determining taxable profit
577
2,434
Gains not taxable
188,021
-
0
Depreciation on assets not qualifying for tax allowances
17,015
15,604
Dividend income
(3,441)
(2,535)
Fixed asset differences
(521)
15
Taxation charge in the financial statements
394,346
134,349
Taxation charge per the financial statements
369,346
134,349
Reconciliation - the current year tax charge does not reconcile to the above analysis. Please review figures in the database.
25,000
-
9
Dividends
2025
2024
Recognised as distributions to equity holders:
£
£
Final paid
204,055
164,839
EDGE TRANSPORT (PROPERTIES) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 27 -
10
Tangible fixed assets
Group
Freehold land and buildings
Leasehold improvements
Plant and equipment
Trailers
Office equipment
Motor vehicles
Total
£
£
£
£
£
£
£
Cost or valuation
At 1 January 2025
5,100,000
530,929
49,728
1,405,129
26,172
3,708,155
10,820,113
Additions
-
0
140,916
6,450
125,875
61,034
335,959
670,234
Disposals
-
0
-
0
-
0
(252,576)
-
0
-
0
(252,576)
Revaluation
750,000
-
0
-
0
-
0
-
0
-
0
750,000
At 31 December 2025
5,850,000
671,845
56,178
1,278,428
87,206
4,044,114
11,987,771
Depreciation and impairment
At 1 January 2025
136,000
344,934
34,347
718,948
17,327
1,089,657
2,341,213
Depreciation charged in the year
73,641
65,240
7,838
91,829
7,774
583,054
829,376
Eliminated in respect of disposals
-
0
-
0
-
0
(182,576)
-
0
-
0
(182,576)
Revaluation
(158,667)
-
0
-
0
-
0
-
0
-
0
(158,667)
At 31 December 2025
50,974
410,174
42,185
628,201
25,101
1,672,711
2,829,346
Carrying amount
At 31 December 2025
5,799,026
261,671
13,993
650,227
62,105
2,371,403
9,158,425
At 31 December 2024
4,964,000
185,995
15,381
686,181
8,845
2,618,498
8,478,900
EDGE TRANSPORT (PROPERTIES) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 28 -
Company
Freehold land and buildings
£
Cost or valuation
At 1 January 2025
5,100,000
Revaluation
750,000
At 31 December 2025
5,850,000
Depreciation and impairment
At 1 January 2025
136,000
Depreciation charged in the year
73,641
Revaluation
(158,667)
At 31 December 2025
50,974
Carrying amount
At 31 December 2025
5,799,026
At 31 December 2024
4,964,000

Included within tangible fixed assets are assets held under finance leases or hire purchase contracts, as follows:

Group
Company
2025
2024
2025
2024
£
£
£
£
Trailers
382,498
333,875
-
0
-
0
Motor vehicles
1,784,784
1,167,893
-
0
-
0
Office equipment
34,942
-
0
-
0
-
0
Leasehold Improvements
-
10,939
-
-
2,202,224
1,512,707
-
-

Bank borrowings of the group are secured by a first legal charge over the land and buildings of the group together with a debenture over all other assets of all group companies.

Hire purchase assets are secured over the assets to which they relate.

Land and buildings with a carrying amount of £5,799,026 were revalued at 25th April 2025 by Eddisons, independent valuers not connected with the company, on the basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties. The directors believe that the value of these land and buildings has not significantly changed from the date of this valuation.

The revaluation surplus is disclosed in note 24 and is not a distributable reserve.

The following asse t s are carried at valuation. If the assets were measured using the cost model, the carrying amounts would be as follows:

EDGE TRANSPORT (PROPERTIES) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
10
Tangible fixed assets
(Continued)
- 29 -
Freehold land and buildings
2025
2024
£
£
Group
Cost
4,724,892
4,724,892
Accumulated depreciation
(686,501)
(626,004)
Carrying value
4,038,391
4,098,888
Company
Cost
4,724,892
4,724,892
Accumulated depreciation
(686,501)
(626,004)
Carrying value
4,038,391
4,098,888
11
Fixed asset investments
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Investments in subsidiaries
12
-
0
-
0
8,100
8,100
Unlisted investments
72,279
72,279
-
0
-
0
72,279
72,279
8,100
8,100
Movements in fixed asset investments
Group
Investments
£
Cost or valuation
At 1 January 2025 and 31 December 2025
72,279
Carrying amount
At 31 December 2025
72,279
At 31 December 2024
72,279
EDGE TRANSPORT (PROPERTIES) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
11
Fixed asset investments
(Continued)
- 30 -
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 January 2025 and 31 December 2025
8,100
Carrying amount
At 31 December 2025
8,100
At 31 December 2024
8,100
12
Subsidiaries

Details of the company's subsidiaries at 31 December 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Edge Transport Limited
The registered office is the same as this company
Ordinary
98.78
13
Stocks
Group
Company
2025
2024
2025
2024
£
£
£
£
Raw materials and consumables
39,133
49,316
-
-
14
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade debtors
1,843,199
1,829,199
-
0
-
0
Amounts owed by group undertakings
(100,000)
-
0
-
0
-
0
Other debtors
19,501
21,508
100
100
Prepayments and accrued income
228,909
228,986
3,150
2,964
1,991,609
2,079,693
3,250
3,064
EDGE TRANSPORT (PROPERTIES) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 31 -
15
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans
17
74,515
79,756
74,515
69,756
Obligations under finance leases
18
591,646
662,436
-
0
-
0
Trade creditors
963,403
983,481
3,191
2,964
Amounts owed to group undertakings
(100,000)
-
0
1,332,061
1,164,293
Corporation tax payable
185,770
-
0
52,433
-
0
Other taxation and social security
339,193
350,603
21,181
18,679
Other creditors
61,756
49,985
1,455
338
Accruals and deferred income
102,145
77,315
10,979
10,876
2,218,428
2,203,576
1,495,815
1,266,906

Included within other creditors is £591,646 (202 4 - £662,436) relating to an outstanding hire purchase liability which is secured against fixed assets.

16
Creditors: amounts falling due after more than one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans and overdrafts
17
2,630,746
2,711,928
2,630,746
2,705,261
Obligations under finance leases
18
1,466,822
1,701,416
-
0
-
0
4,097,568
4,413,344
2,630,746
2,705,261

Included within other creditors is £1,466,822 (202 4 - £1,701,416) relating to an outstanding hire purchase liability which is secured against fixed assets.

17
Loans and overdrafts
Group
Company
2025
2024
2025
2024
£
£
£
£
Bank loans
2,705,261
2,791,684
2,705,261
2,775,017
Payable within one year
74,515
79,756
74,515
69,756
Payable after one year
2,630,746
2,711,928
2,630,746
2,705,261

Bank borrowings of the group are secured by a first legal charge over the land and buildings of the group together with a debenture over all other assets of all group companies.

EDGE TRANSPORT (PROPERTIES) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 32 -
18
Finance lease obligations
Group
Company
2025
2024
2025
2024
Amounts due:
£
£
£
£
Current liabilities
591,646
662,436
-
0
-
0
Non-current liabilities
1,466,822
1,701,416
-
0
-
0
2,058,468
2,363,852
-
-
Group
Company
2025
2024
2025
2024
Future minimum lease payments due:
£
£
£
£
Within one year
591,646
662,436
-
0
-
0
In two to five years
1,466,822
1,583,521
-
0
-
0
In over five years
-
0
117,895
-
0
-
0
2,058,468
2,363,852
-
-

Finance lease payments represent rentals payable by the company or group for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is five years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

19
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company:

Liabilities
Liabilities
2025
2024
Group
£
£
Accelerated capital allowances
672,205
706,362
Tax losses
-
(30,233)
Revaluations
200,983
13,483
873,188
689,612
EDGE TRANSPORT (PROPERTIES) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
19
Deferred taxation
(Continued)
- 33 -
Liabilities
Liabilities
2025
2024
Company
£
£
Accelerated capital allowances
20,808
19,701
Revaluations
200,983
13,483
221,791
33,184
Group
Company
2025
2025
Movements in the year:
£
£
Liability at 1 January 2025
689,612
33,184
Charge to profit or loss
183,576
188,607
Liability at 31 December 2025
873,188
221,791

The deferred tax liability set out above relates to accelerated capital allowances and is expected to reverse within the same period as those allowances.

20
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
71,049
84,758

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

21
Share capital
Group and company
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
5,265
5,691
5,265
5,691
B Ordinary Shares of £1 each
20
20
20
20
C Ordinary Shares of £1 each
20
20
20
20
E Ordinary Shares of £1 each
20
20
20
20
F Ordinary Shares of £1 each
20
20
20
20
5,345
5,771
5,345
5,771
EDGE TRANSPORT (PROPERTIES) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 34 -
22
Revaluation reserve
Group
Company
2025
2024
2025
2024
£
£
£
£
At the beginning of the year
831,967
849,300
831,967
849,300
Revaluation surplus arising in the year
908,667
-
0
908,667
-
0
Transfer to retained earnings
(13,143)
(17,333)
(13,143)
(17,333)
At the end of the year
1,727,491
831,967
1,727,491
831,967

Revaluation reserve relates to a gain on freehold property revaluations, including an y associated deferred tax impact.

23
Capital redemption reserve
Group
Company
2025
2024
2025
2024
£
£
£
£
At the beginning of the year
4,429
4,003
2,429
2,003
Transfers
426
426
426
426
At the end of the year
4,855
4,429
2,855
2,429

Group

Capital redemption reserve of £4,429 relates to own shares purchased by the company from previous shareholders.

Company

Capital redemption reserve of £2,429 relates to own shares purchased by the company from previous shareholders.

24
Profit and loss reserves
Group
Company
2025
2024
2025
2024
£
£
£
£
At the beginning of the year
2,724,276
2,746,716
227,900
334,837
Profit for the year
401,432
340,066
202,637
255,569
Dividends
(304,055)
(164,839)
(204,055)
(164,839)
Transfer from revaluation reserve
13,143
17,333
13,143
17,333
Own shares acquired
(215,000)
(215,000)
(215,000)
(215,000)
At the end of the year
2,619,796
2,724,276
24,625
227,900

EDGE TRANSPORT (PROPERTIES) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 35 -
25
Capital commitments

Amounts contracted for but not provided in the financial statements:

Group
Company
2025
2024
2025
2024
£
£
£
£
Acquisition of tangible fixed assets
101,128
41,295
-
-
26
Related party transactions
Transactions with related parties

The company entered into an agreement in 2022 to purchase 2,835 shares from J Pridding, of which 2,409 were bought during previous years. During the year, the company purchased the final 426 shares from J Pridding, for consideration of £215,000.

27
Directors' transactions

Dividends totalling £204,055 (2024 - £164,839) were paid in the year in respect of shares held by the company's directors.

During the year the directors made a contribution to company motor expenses etc. of £13,508 (2024 - £20,162).

28
Cash generated from group operations
2025
2024
£
£
Profit after taxation
401,432
340,974
Adjustments for:
Taxation charged
369,346
134,349
Finance costs
297,439
336,209
Investment income
(116,756)
(12,310)
Loss on disposal of tangible fixed assets
12,417
11,295
Depreciation and impairment of tangible fixed assets
829,376
788,890
Movements in working capital:
Decrease/(increase) in stocks
10,183
(24,170)
Decrease/(increase) in debtors
88,084
(380,405)
(Decrease)/increase in creditors
(94,887)
624,119
Cash generated from operations
1,796,634
1,818,951
EDGE TRANSPORT (PROPERTIES) LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 36 -
29
Cash generated from operations - company
2025
2024
£
£
Profit after taxation
202,637
255,569
Adjustments for:
Taxation charged
241,040
1,327
Finance costs
174,228
216,536
Investment income
(301,644)
(216,118)
Depreciation and impairment of tangible fixed assets
73,641
68,000
Movements in working capital:
(Increase)/decrease in debtors
(186)
749
Increase in creditors
171,717
328,328
Cash generated from operations
561,433
654,391
30
Analysis of changes in net debt - group
1 January 2025
Cash flows
31 December 2025
£
£
£
Cash at bank and in hand
223,639
92,438
316,077
Borrowings excluding overdrafts
(2,791,684)
86,423
(2,705,261)
Payment of finance leases obligations
(2,363,852)
305,384
(2,058,468)
(4,931,897)
484,245
(4,447,652)
31
Analysis of changes in net debt - company
1 January 2025
Cash flows
31 December 2025
£
£
£
Cash at bank and in hand
98,254
200,038
298,292
Borrowings excluding overdrafts
(2,775,017)
69,756
(2,705,261)
(2,676,763)
269,794
(2,406,969)
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