REGISTERED NUMBER: 16011096 (England and Wales)

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTOR AND

AUDITED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE PERIOD

10 OCTOBER 2024 TO 30 NOVEMBER 2025

FOR

A.I.L PACKAGING HOLDINGS LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Director

3

Report of the Independent Auditors

4

Consolidated Income Statement

7

Consolidated Other Comprehensive Income

8

Consolidated Balance Sheet

9

Company Balance Sheet

10

Consolidated Statement of Changes in Equity

11

Company Statement of Changes in Equity

12

Consolidated Cash Flow Statement

13

Notes to the Consolidated Cash Flow Statement

14

Notes to the Consolidated Financial Statements

15

DIRECTOR:

Mr B G Jones

REGISTERED OFFICE:

Suite F & G Level 3 No 1 Booth Park

Chelford Road

Knutsford

United Kingdom

WA16 8GS

REGISTERED NUMBER:

16011096 (England and Wales)

AUDITORS:

Dunhams

Chartered Accountants and

Statutory Auditor

11 Warwick Road

Old Trafford

Stretford

Manchester

M16 0QQ

The director presents his strategic report of the company and the group for the period 10 October 2024 to 30 November 2025.

ON BEHALF OF THE BOARD:

Mr B G Jones - Director

6 July 2026

The director presents his report with the financial statements of the company and the group for the period 10 October 2024 to 30 November 2025.

INCORPORATION

The group was incorporated on 10 October 2024 and commenced trading on the same date.

DIVIDENDS

No dividends will be distributed for the period ended 30 November 2025.

DIRECTOR

Mr B G Jones was appointed as a director on 10 October 2024 and held office during the whole of the period from then to the date of this report.

The director, being eligible, offers himself for election at the forthcoming first Annual General Meeting.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is 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 director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

AUDITORS

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

ON BEHALF OF THE BOARD:

Mr B G Jones - Director

6 July 2026

Opinion

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

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 30 November 2025 and of the group's profit for the period then ended;

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

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

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is 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 director determines 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 director is responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

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

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

We obtained an understanding of the legal and regulatory frameworks that are applicable to the group and determined that the most significant are those which relate to the financial reporting framework (FRS 102 and the

Companies Act 2006) and the relevant direct tax regulations.

We understood how the Group is complying with those frameworks by making enquiries with management, who in this instance are the same as those charged with governance to understand how the group maintains and communicates its policies and procedures in these areas and to understand the controls put in place to reduce the risk of non-compliance.

We documented our understanding of controls put in place by management to reduce the opportunities for fraudulent

transactions and enquired as to the results of their own assessment of those controls during the year.

We assessed the susceptibility of the Groups financial statements to material misstatement, including how fraud

might occur, through internal team conversations and inquiry of management.

We considered the risk of management override by testing sample of journals, focusing on year end and material

journals, investigating them to gain an understanding and then agreeing a sample of them to source documentation.

We also reviewed and assessed both individually and cumulatively accounting estimates included in the financial

statements to assess the extent to which they gave rise to indication of management bias, fraud, or material

misstatement.

Based on this understanding we designed our audit procedures to identify noncompliance with such laws and

regulations.

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.

Mr Andrew Edwards FCA ACCA (Senior Statutory Auditor)

for and on behalf of Dunhams

Chartered Accountants and

Statutory Auditor

11 Warwick Road

Old Trafford

Stretford

Manchester

M16 0QQ

6 July 2026

TURNOVER

35,818,514

Cost of sales

(27,305,289

)

GROSS PROFIT

8,513,225

Administrative expenses

(3,896,614

)

OPERATING PROFIT

4

4,616,611

Interest receivable and similar income

384,880

5,001,491

Interest payable and similar expenses

5

(141,771

)

PROFIT BEFORE TAXATION

4,859,720

Tax on profit

6

(1,805,705

)

PROFIT FOR THE FINANCIAL PERIOD

3,054,015

Profit attributable to:

Owners of the parent

3,054,015

PROFIT FOR THE PERIOD

3,054,015

OTHER COMPREHENSIVE INCOME

Share for share purchase of subsidiary

15,896,512

Income tax relating to other comprehensive income

-

OTHER COMPREHENSIVE INCOME FOR THE PERIOD, NET OF INCOME TAX

15,896,512

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

18,950,527

Total comprehensive income attributable to:

Owners of the parent

18,950,527

FIXED ASSETS

Intangible assets

8

2,275,871

Tangible assets

9

74,016

Investments

10

-

2,349,887

CURRENT ASSETS

Stocks

11

3,308,993

Debtors

12

5,071,112

Cash at bank and in hand

14,421,550

22,801,655

CREDITORS

Amounts falling due within one year

13

(4,813,449

)

NET CURRENT ASSETS

17,988,206

TOTAL ASSETS LESS CURRENT LIABILITIES

20,338,093

CREDITORS

Amounts falling due after more than one year

14

(1,377,273

)

PROVISIONS FOR LIABILITIES

15

(10,093

)

NET ASSETS

18,950,727

CAPITAL AND RESERVES

Called up share capital

16

200

Merger reserve

17

15,896,512

Retained earnings

17

3,054,015

SHAREHOLDERS' FUNDS

18,950,727

The financial statements were approved by the director and authorised for issue on 6 July 2026 and were signed by:

Mr B G Jones - Director

FIXED ASSETS

Intangible assets

8

-

Tangible assets

9

-

Investments

10

19,556,601

19,556,601

CURRENT ASSETS

Cash and cash equivalents

1

CREDITORS

Amounts falling due within one year

13

(1,424,388

)

NET CURRENT LIABILITIES

(1,424,387

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,132,214

CREDITORS

Amounts falling due after more than one year

14

(1,377,273

)

NET ASSETS

16,754,941

CAPITAL AND RESERVES

Called up share capital

16

200

Merger reserve

17

15,896,512

Retained earnings

17

858,229

SHAREHOLDERS' FUNDS

16,754,941

Company's profit for the financial year

858,229

The financial statements were approved by the director and authorised for issue on 6 July 2026 and were signed by:

Mr B G Jones - Director

Called up

share

Retained

Merger

Total

capital

earnings

reserve

equity

£

£

£

£

Changes in equity

Issue of share capital

200

-

-

200

Total comprehensive income

-

3,054,015

15,896,512

18,950,527

Balance at 30 November 2025

200

3,054,015

15,896,512

18,950,727

Called up

share

Retained

Merger

Total

capital

earnings

reserve

equity

£

£

£

£

Changes in equity

Issue of share capital

200

-

-

200

Total comprehensive income

-

858,229

15,896,512

16,754,741

Balance at 30 November 2025

200

858,229

15,896,512

16,754,941

Cash flows from operating activities

Cash generated from operations

1

6,941,953

Tax paid

(1,701,995

)

Taxation refund

220,303

Net cash from operating activities

5,460,261

Cash flows from investing activities

Purchase of tangible fixed assets

(24,264

)

Net cash inflow on aquisition

8,455,081

Interest received

348,354

Net cash from investing activities

8,779,171

Cash flows from financing activities

Amount introduced by directors

1,815,854

Amount withdrawn by directors

(1,633,737

)

Share issue

1

Net cash from financing activities

182,118

Increase in cash and cash equivalents

14,421,550

Cash and cash equivalents at beginning of period

2

-

Cash and cash equivalents at end of period

2

14,421,550

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

£

Profit before taxation

4,859,720

Depreciation charges

439,616

Finance costs

141,771

Finance income

(384,880

)

5,056,227

Decrease in stocks

81,570

Decrease in trade and other debtors

600,709

Increase in trade and other creditors

1,203,447

Cash generated from operations

6,941,953

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:

Period ended 30 November 2025

30.11.25

10.10.24

£

£

Cash and cash equivalents

14,421,550

-

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 10.10.24

Cash flow

At 30.11.25

£

£

£

Net cash

Cash at bank and in hand

-

14,421,550

14,421,550

-

14,421,550

14,421,550

Total

-

14,421,550

14,421,550

1.	STATUTORY INFORMATION

A.I.L Packaging Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the General Information page.

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

The financial statements are prepared rounded to the nearest 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.

Basis of consolidation

The consolidated financial statements incorporate the financial statements of the Company and all subsidiary undertakings controlled by the Company as at the reporting date.

Control is achieved where the Company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.

The results of subsidiary undertakings acquired or disposed of during the period are included in the consolidated financial statements from the date on which control passes to the Group until the date on which control ceases.

Intra-group balances, transactions, income and expenses are eliminated in full on consolidation.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the Group’s accounting policies, which are described in note 2, management is required

to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical

experience and other factors that are considered 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below.

Stock provision

Management reviews stock holdings at the reporting date to assess whether any provision is required against slow-moving, obsolete or damaged stock. In determining the level of provision, management considers the age and condition of stock, historical sales and usage patterns, expected future demand and the estimated net realisable value of the related items.

Sales overrider accruals

The Company enters into certain sales arrangements under which customers may be entitled to rebates, overrides or other retrospective discounts based on agreed terms and trading volumes. Management estimates the related accruals at the reporting date by reference to contractual arrangements, historical settlement patterns and expected customer purchasing levels. Changes in these assumptions may affect the amounts recognised in the financial statements

Turnover

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

The company imports and distributes a number of packaging products. Sales of goods are recognised on delivery, when the customer has full discretion over the channel and price to sell the product and there is no unfulfilled obligation that could affect the customer’s acceptance of the product. Delivery occurs when the goods have been shipped to the location specified by the customer, the risks of obsolescence or loss have been transferred to the customer, the customer has accepted the products in accordance with the sales contract, the acceptance provisions have lapsed or the company has objective evidence that all criteria for acceptance have been satisfied. In some instances goods are shipped direct from the supplier to the customer and the sale of these goods is recognised on receipt of the Bill of Lading showing the order depart for the customer.

Goods to some customers are sold with volume rebates and also with the provision for the customer to return faulty goods. Sales are measured at the prices specified in the sale contract, net of estimated volume rebates and returns. Volume rebates are assessed based on anticipated annual purchases. Accumulated experience is used to estimate and provide for the discounts and returns.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on reducing balance

Stocks

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

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

Cost is determined on the average cost method. Cost includes the purchase price, including taxes and duties and transport and handling directly attributable to bringing the inventory to its present location and condition.

Financial instruments

i. Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the asset is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets are subsequently carried at amortised cost, where applicable.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled; or (b) substantially all the risks and rewards of ownership of the asset are transferred to another party; or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

ii. Financial liabilities

Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the liability is measured at the present value of the future payments discounted at a market rate of interest.

Trade payables 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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Deferred consideration is subsequently measured at amortised cost using the effective interest method. The

unwind of the discount is recognised within finance costs over the period to settlemen

Financial liabilities are subsequently carried at amortised cost, where applicable.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

iii. Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Dividends and other distributions to the company’s shareholders are recognised as a liability in the financial

statements in the period in which the dividends and other distributions are approved by the shareholders. These amounts are recognised in the statement of changes in equity.

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

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

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

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

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

Impairment of assets

At each reporting date, assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If such an indication exists, the recoverable amount of the asset is estimated and compared with its carrying amount. Where the carrying amount exceeds the recoverable amount, an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not to an amount higher than the carrying amount that would have been determined had no impairment loss been recognised in prior periods. A reversal of an impairment loss is

recognised immediately in profit or loss

Deferred consideration

Deferred consideration arising on the acquisition of investments is recognised initially at the present value of the amounts payable where the arrangement constitutes a financing transaction.

After initial recognition, deferred consideration is measured at amortised cost using the effective interest method. The unwinding of the discount is recognised in profit or loss as a finance cost over the period to settlement.

Deferred consideration is classified between amounts falling due within one year and amounts falling due after more than one year based on the contractual payment dates.

3.	EMPLOYEES AND DIRECTORS

£

Wages and salaries

2,342,881

Social security costs

134,696

Other pension costs

5,366

2,482,943

The average number of employees during the period was NIL.

The average number of employees by undertakings that were proportionately consolidated during the period was 11 .

£

Director's remuneration

1,794,007

Information regarding the highest paid director is as follows:

£

Emoluments etc

1,794,007

4.	OPERATING PROFIT

The operating profit is stated after charging:

£

Depreciation - owned assets

28,002

Goodwill amortisation

406,583

Auditors' remuneration

7,545

Auditors' remuneration for non audit work

18,356

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

£

Unwind NPV on deferred conside ration

141,771

6.

TAXATION

Analysis of the tax charge

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

£

Current tax:

UK corporation tax

1,808,718

Deferred tax

(3,013

)

Tax on profit

1,805,705

Tax effects relating to effects of other comprehensive income

Gross

Tax

Net

£

£

£

Share for share purchase of subsidiary

15,896,512

-

15,896,512

7.	INDIVIDUAL INCOME STATEMENT

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

8.	INTANGIBLE FIXED ASSETS

Group

Goodwill

£

COST

At 10 October 2024

14,500

Additions

2,682,454

At 30 November 2025

2,696,954

AMORTISATION

At 10 October 2024

14,500

Amortisation for period

406,583

At 30 November 2025

421,083

NET BOOK VALUE

At 30 November 2025

2,275,871

At 9 October 2024

-

9.	TANGIBLE FIXED ASSETS

Group

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 10 October 2024

100,135

137,878

238,013

Additions

10,846

-

10,846

At 30 November 2025

110,981

137,878

248,859

DEPRECIATION

At 10 October 2024

65,893

80,948

146,841

Charge for period

13,769

14,233

28,002

At 30 November 2025

79,662

95,181

174,843

NET BOOK VALUE

At 30 November 2025

31,319

42,697

74,016

At 9 October 2024

34,242

56,930

91,172