REGISTERED NUMBER: 07845881 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Drover Holdings Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

5

6,277

20,704

Investment property

6

200,000

189,510

206,277

210,214

Current assets

Debtors

7

396

347

Cash at bank

1,037

2,108

1,433

2,455

Creditors

Amounts falling due within one year

8

(121,241

)

(116,550

)

Net current liabilities

(119,808

)

(114,095

)

Total assets less current liabilities

86,469

96,119

Creditors

Amounts falling due after more than one year

9

(67,500

)

(86,111

)

Provisions for liabilities

(5,223

)

(5,630

)

Net assets

13,746

4,378

Capital and reserves

Called up share capital

100

100

Fair value reserve

10

15,123

6,626

Retained earnings

(1,477

)

(2,348

)

Shareholders' funds

13,746

4,378

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 July 2026 and were signed by:

Mr J J B Wilkins - Director

1.	Statutory information

Drover Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07845881

Registered office:

135 The Common

Freethorpe

Norwich

Norfolk

NR13 3LT

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

2.	Statement of compliance

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis, which assumes that the company will be able to meet its liabilities as they fall due for payment for the foreseeable future. The company is dependent upon the support of its directors and shareholders, who have confirmed that they will continue to offer financial support for the foreseeable future. The directors therefore consider it appropriate to prepare the financial statements on a going concern basis.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

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

Tangible fixed assets

Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery etc - 33% on cost and 25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. 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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

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

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

Hire purchase and leasing commitments

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

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

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4.	Employees and directors

The average number of employees during the year was 1 (2024 - 1 ) .

5.	Tangible fixed assets

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 November 2024

11,434

33,990

2,179

47,603

Disposals

-

(29,540

)

-

(29,540

)

At 31 October 2025

11,434

4,450

2,179

18,063

Depreciation

At 1 November 2024

7,783

17,078

2,038

26,899

Charge for year

755

4,228

-

4,983

Eliminated on disposal

-

(20,193

)

-

(20,193

)

Exchange differences

-

-

97

97

At 31 October 2025

8,538

1,113

2,135

11,786

Net book value

At 31 October 2025

2,896

3,337

44

6,277

At 31 October 2024

3,651

16,912

141

20,704

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

Motor

vehicles

£

Cost

At 1 November 2024

29,540

Disposals

(29,540

)

At 31 October 2025

-

Depreciation

At 1 November 2024

17,078

Charge for year

3,115

Eliminated on disposal

(20,193

)

At 31 October 2025

-

Net book value

At 31 October 2025

-

At 31 October 2024

12,462

6.	Investment property

Total

£

Fair value

At 1 November 2024

189,510

Revaluations

10,490

At 31 October 2025

200,000

Net book value

At 31 October 2025

200,000

At 31 October 2024

189,510

Fair value at 31 October 2025 is represented by:

£

Valuation in 2024

8,180

Valuation in 2025

10,490

Cost

181,330

200,000

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

31.10.25

31.10.24

£

£

Cost

181,330

181,330

Investment property was valued on an open market basis on 31 October 2025 by the director .

7.

Debtors: amounts falling due within one year

31.10.25

31.10.24

£

£

Other debtors

396

347

8.

Creditors: amounts falling due within one year

31.10.25

31.10.24

£

£

Hire purchase contracts

-

4,482

Taxation and social security

1,748

1,367

Other creditors

119,493

110,701

121,241

116,550

9.

Creditors: amounts falling due after more than one year

31.10.25

31.10.24

£

£

Bank loans

67,500

75,000

Hire purchase contracts

-

11,111

67,500

86,111

10.

Reserves

Fair value

reserve

£

At 1 November 2024

6,626

Unrealised surplus/(deficit) on revalued assets

8,497

At 31 October 2025

15,123

Profit and loss account - This reserve records distributable retained earnings and accumulated losses.

11.	Ultimate controlling party

The ultimate controlling party is Mr J J B Wilkins.