REGISTERED NUMBER: 07445124 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 December 2025

for

Wilson Enterprises Ltd

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Statement of Comprehensive Income

7

Balance Sheet

8

Statement of Changes in Equity

9

Cash Flow Statement

10

Notes to the Financial Statements

11

DIRECTORS:

D W Wilson

R E C Wilson

Mrs C A Reed

SECRETARY:

D E Norman

REGISTERED OFFICE:

The Mills

Canal Street

Derby

Derbyshire

DE1 2RJ

BUSINESS ADDRESS:

Wilson House

207 Leicester Road

Ibstock

Leicestershire

LE67 6HP

REGISTERED NUMBER:

07445124 (England and Wales)

AUDITORS:

Bates Weston Audit Ltd

Statutory Auditors

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

The company's principal activities are the promotion of strategic land for development nationally and residential development of quality homes in prime locations throughout the Midlands.

REVIEW OF BUSINESS

The company sold 100 new homes (2024: 62 homes) from its Coalville, Market Harborough and Rearsby developments.

The directors are of the opinion that the cash held and available to the business is sufficient for the company's business purposes and represents capital available for seizing opportunities to further the company's interests. Such opportunities are considered frequently by the directors and the cash balance enables the company to respond promptly to such opportunities and to take advantage of market conditions.

PRINCIPAL RISKS AND UNCERTAINTIES

The ability to identify and manage risk is an important factor of the continued success of Wilson Enterprises. Mitigating actions and strategies to reduce the impact of risk are agreed and in place where possible. The directors have identified the following key business risks that could have a material impact on the future performance of the company:

-

the availability of funding for house buyers

-

availability of land

-

obtaining planning permissions

-

sourcing building materials at the appropriate price

-

sourcing suitably experienced labour at an affordable price

FINANCIAL KEY PERFORMANCE INDICATORS

The company uses a number of key performance indications to ensure that the business can react to changing market conditions and achieve both long- and short-term aspirations. The key indicators during the year were as follows:

2025

2024

£

£

Turnover

32,531

23,018

Gross profit

3,759

3,139

Profit before taxation

3,822

3,155

Stock

77,302

73,755

ON BEHALF OF THE BOARD:

D W Wilson - Director

3 July 2026

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

DIVIDENDS

An interim dividend of £3,030.30 per Ordinary B share was paid in the year to 31 December 2025.

Interim dividends of £0.0152 and £0.0104 per Ordinary D share were paid in the year to 31 December 2025.

Interim dividends of £0.0226 and £0.0290 per Ordinary E share were paid in the year to 31 December 2025.

The directors recommend that no final dividend be paid.

Total distribution of dividends for the year ended 31 December 2025 was £646,939.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

D W Wilson

R E C Wilson

Mrs C A Reed

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

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

-	select suitable accounting policies and then apply them consistently;

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

ON BEHALF OF THE BOARD:

D W Wilson - Director

3 July 2026

Opinion

We have audited the financial statements of Wilson Enterprises Ltd (the 'company') for the year ended 31 December 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

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

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

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

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

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

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:

Based on our understanding of the company and industry in which it operates, we considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. Audit procedures performed by the engagement team included:

-

Enquiry of management around actual and potential litigation and claims;

-

Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

-

Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.

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

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

Use of our report

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

Wayne Thomas FCA - Senior Statutory Auditor

for and on behalf of Bates Weston Audit Ltd

Statutory Auditors

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

15 July 2026

TURNOVER

32,530,932

23,017,711

Cost of sales

28,772,112

19,878,342

GROSS PROFIT

3,758,820

3,139,369

Administrative expenses

839,447

762,052

2,919,373

2,377,317

Other operating income

715,969

803,158

OPERATING PROFIT

5

3,635,342

3,180,475

Interest receivable and similar income

227,663

108,986

3,863,005

3,289,461

Interest payable and similar expenses

6

41,490

134,564

PROFIT BEFORE TAXATION

3,821,515

3,154,897

Tax on profit

7

968,235

789,526

PROFIT FOR THE FINANCIAL YEAR

2,853,280

2,365,371

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

2,853,280

2,365,371

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

335,494

383,206

Investments

11

200

-

335,694

383,206

CURRENT ASSETS

Stocks

12

77,302,397

73,755,252

Debtors

13

9,497,768

7,878,075

Cash at bank

7,734,983

4,915,028

94,535,148

86,548,355

CREDITORS

Amounts falling due within one year

14

17,821,226

12,088,286

NET CURRENT ASSETS

76,713,922

74,460,069

TOTAL ASSETS LESS CURRENT LIABILITIES

77,049,616

74,843,275

PROVISIONS FOR LIABILITIES

17

35,276

35,276

NET ASSETS

77,014,340

74,807,999

CAPITAL AND RESERVES

Called up share capital

18

55,327,617

55,327,617

Share premium

19

4,175,617

4,175,617

Retained earnings

19

17,511,106

15,304,765

SHAREHOLDERS' FUNDS

77,014,340

74,807,999

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

D W Wilson - Director

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 January 2024

50,199,733

13,339,394

3,150,040

66,689,167

Changes in equity

Issue of share capital

5,127,884

-

1,025,577

6,153,461

Dividends

-

(400,000

)

-

(400,000

)

Total comprehensive income

-

2,365,371

-

2,365,371

Balance at 31 December 2024

55,327,617

15,304,765

4,175,617

74,807,999

Changes in equity

Dividends

-

(646,939

)

-

(646,939

)

Total comprehensive income

-

2,853,280

-

2,853,280

Balance at 31 December 2025

55,327,617

17,511,106

4,175,617

77,014,340

Cash flows from operating activities

Cash generated from operations

21

7,071,004

4,363,714

Interest paid

(41,490

)

(134,564

)

Tax paid

(801,372

)

(638,710

)

Net cash from operating activities

6,228,142

3,590,440

Cash flows from investing activities

Purchase of tangible fixed assets

(34,230

)

(102,774

)

Purchase of fixed asset investments

(200

)

-

Sale of tangible fixed assets

-

28,000

Sale of fixed asset investments

-

1

Interest received

227,663

108,986

Net cash from investing activities

193,233

34,213

Cash flows from financing activities

New loans in year

(500,000

)

-

Loan repayments in year

(1,500,000

)

(1,500,000

)

Related party loans

(954,481

)

-

Amount withdrawn by directors

-

(4,754,368

)

Share issue

-

6,153,461

Equity dividends paid

(646,939

)

(400,000

)

Net cash from financing activities

(3,601,420

)

(500,907

)

Increase in cash and cash equivalents

2,819,955

3,123,746

Cash and cash equivalents at beginning of year

22

4,915,028

1,791,282

Cash and cash equivalents at end of year

22

7,734,983

4,915,028

1.	STATUTORY INFORMATION

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

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.

Preparation of consolidated financial statements

The financial statements present information about the company as an individual entity and not about its group.

The company has one subsidiary undertaking, which has not been consolidated in these financial statements because it is not material for the purpose of giving a true and fair view. These financial statements have been prepared as if the company were not a parent company, in accordance with section 405 of the Companies Act 2006.

Details of the subsidiary are disclosed in the notes to these financial statements.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover and profit on sales of residential properties and land sales are included within the financial statements where legal completion has taken place by the end of the financial period.

Sales of part exchange properties are not included in turnover. The profit or loss on disposal of these properties is included within cost of sales.

Turnover and profit in relation to development contracts are recognised where the profitable outcome of the contract can be assessed with reasonable certainty. The turnover and profit recognised reflects that part of the total turnover and profit currently estimated to arise over the duration of the contract that fairly represents the total turnover and profit attributable to work performed at the accounting date. Full provision is made for losses on all contracts in the period in which they are first foreseen.

Rental income

Rental income is recognised in the profit and loss account on a straight line basis over the period of the lease.

Finance costs

Finance costs are charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charges is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Tangible fixed assets

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

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to the profit and loss account during the period in which they are incurred.

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

Plant and machinery

-

25% reducing balance / 10% on cost

Fixtures and fittings

-

25% reducing balance

Office equipment

-

25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

The gain or loss arising on disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset. and is credited or charges to the statement of comprehensive income.

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items 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 the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised as an expense immediately in the profit and loss account.

Investments in subsidiaries

Investments in subsidiaries are recognised at cost.

Stocks

The costs of work in progress includes direct costs. Where necessary, provisions are made against work in progress to value it at the lower of cost and net realisable value. Net realisable value is based on normal selling prices less further costs expected to be incurred on completion and disposal.

Investments in sites where planning has not yet been granted are initially included at cost. Regular reviews for impairment are performed considering the existing use value of the site and the likelihood of obtaining planning permission. Provisions are made against cost where necessary.

Direct pre-development costs have been recognised as an asset in stocks and work in progress where it is probably that the site will be developed, and provided that in accordance with FRS102, such costs meet the definition of an asset. Such costs are reviewed regularly for evidence of impairment.

Options purchased in respect of land are capitalised initially at cost and included within work in progress. Regular reviews are carried out for impairment in the value of these options, and provisions made accordingly to reflect loss of value.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other accounts receivable and payable and loans with related parties.

All financial assets and liabilities are initially measured at transaction price and subsequently at amortised cost.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an assets carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised 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.

Pension costs and other post-retirement benefits

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

Preference shares

Preference shares are recognised in capital and reserves. The substance of the transaction is considered to be that of an equity instrument rather than a debt instrument due to the rights attached.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of past events, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking in to account the risks and uncertainties surrounding the obligation.

3.	CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The directors make estimates and assumptions concerning the future. The directors are also required to exercise judgement in the process of applying the company's accounting policies. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

Carrying value of stocks and work in progress

Work in progress is a combination of direct costs together with an element of indirect costs. The directors review the market value and demand to ensure that the work in progress is recorded in the financial statements at the lower of cost and net realisable value. Any provision for impairment is recorded against the carrying value of work in progress. The directors use their knowledge of market conditions, historical experiences and estimates of future movements in the house price index to assess future demand for company's developments and hence achievable selling prices.

Recognition of long term contract profits

Profit recognition is based on an assessment of the overall profitability forecast on individual contracts. Losses are recognised as soon as they are foreseen. Profits are recognised by the directors when the outcome of the contract can be assessed with reasonable certainty. The profit recognised reflects that part of the total profit currently estimated to arise over the duration of the contract that fairly represents profit attributable to work performed at the accounting date.

Recoverability of trade debtors

Trade and other debtors are recognised to the extent that they are judged recoverable. Management reviews are performed to estimate the level of reserves required for irrecoverable debt. Provisions are made specifically against specific invoices where recoverability is uncertain.

Management makes allowance for doubtful debts based on an assessment of the recoverability of debtors. Allowances are applied to debtors where events or changes in circumstances indicate that the carrying amounts may not be recoverable. Management specifically analyse historical bad debts, customer creditworthiness, current economic trends and changes in customer payment terms when making a judgement to evaluate the adequacy of the provision for doubtful debts. Where the expectation is different from the original estimate, such difference will impact the carrying value of debtors and the charge in the profit and loss account.

Provisions

A provision is recognised when the company has a present (legal or constructive) obligation as a result of a past event for which it is probable that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated. If the effect is material, provisions are determined by discounting the expected future cash flow at a rate that reflects the time value of money and the risks specific to the liability.

Whether a present obligation is probable or not requires judgement. The nature and type of risks for these provisions differ and management's judgement is applied regarding the nature of obligations in deciding if an outflow of resources is probable or not. External advice is sought where appropriate.

Taxation

There are many transactions and calculations for which the ultimate tax determination is uncertain. The company recognises liabilities for anticipated tax liabilities on estimates of whether additional taxes will be due and after taking professional advice.

Management estimation is required to determine the amount of deferred tax assets that can be recognised, based upon likely timing and level of future taxable profits together with an assessment of the effect of future tax planning strategies.

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

365,816

343,838

Social security costs

56,767

48,370

Other pension costs

9,918

8,597

432,501

400,805

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

2025

2024

Employees, including directors

6

6

2025

2024

£

£

Directors' remuneration

91,425

36,294

Directors' pension contributions to money purchase schemes

3,978

1,089

5.	OPERATING PROFIT

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

2025

2024

£

£

Other operating leases

9,451

-

Depreciation - owned assets

79,591

95,202

Loss/(profit) on disposal of fixed assets

2,351

(20,932

)

Auditors' remuneration

14,500

13,800

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Other loan interest

38,890

134,564

Interest on tax

2,600

-

41,490

134,564

7.

TAXATION

Analysis of the tax charge

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

2025

2024

£

£

Current tax:

UK corporation tax

968,235

789,526

Tax on profit

968,235

789,526

Reconciliation of total tax charge included in profit and loss

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

2025

2024

£

£

Profit before tax

3,821,515

3,154,897

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

955,379

788,724

Effects of:

Expenses not deductible for tax purposes

1,516

928

Income not taxable for tax purposes

-

(5,233

)

Depreciation in excess of capital allowances

11,340

5,107

Total tax charge

968,235

789,526

8.

DIVIDENDS

2025

2024

£

£

Interim

646,939

400,000

9.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

5,314

AMORTISATION

At 1 January 2025

and 31 December 2025

5,314

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

10.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Office

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2025

760,247

2,134

15,724

778,105

Additions

33,560

-

670

34,230

Disposals

(12,194

)

-

(4,647

)

(16,841

)

At 31 December 2025

781,613

2,134

11,747

795,494

DEPRECIATION

At 1 January 2025

381,767

2,134

10,998

394,899

Charge for year

78,694

-

897

79,591

Eliminated on disposal

(10,504

)

-

(3,986

)

(14,490

)

At 31 December 2025

449,957

2,134

7,909

460,000

NET BOOK VALUE

At 31 December 2025

331,656

-

3,838

335,494

At 31 December 2024

378,480

-

4,726

383,206

11.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

200

At 31 December 2025

200

NET BOOK VALUE

At 31 December 2025

200

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Bardon Retail Limited

Registered office: The Mills, Canal Street, Derby, DE1 2RJ

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

Rearsby Management Limited

Registered office: Wilson House, Leicester Road, Ibstock, LE67 6HP

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00