Company registration number 12667417 (England and Wales)
COMPTON HART LTD
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
COMPTON HART LTD
COMPANY INFORMATION
Directors
Mr N J Welch
Mr P Welch
Mr L Welch
Mr M Welch
Mrs L Welch
Mrs R Welch
Mrs R Welch
Company number
12667417
Registered office
Park Farm Lane
Nuthampstead
Hertfordshire
United Kingdom
SG8 8LZ
Auditor
Byrd + Link Audit Limited
Honeybourne Place
Jessop Avenue
Cheltenham
GL50 3SH
Accountant
Oldfield Advisory LLP
1120 Elliott Court
Herald Avenue
Coventry Business Park
Coventry
CV5 6UB
COMPTON HART LTD
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3 - 4
Independent auditor's report
5 - 7
Group statement of comprehensive income
8
Group balance sheet
9 - 10
Company balance sheet
11
Group statement of changes in equity
12
Company statement of changes in equity
13
Group statement of cash flows
14
Company statement of cash flows
15
Notes to the financial statements
16 - 34
COMPTON HART LTD
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 activities of the company and group in 2025 continued to be the provision of dental practice design, build, equipment supply, and equipment maintenance services. The company operates primarily within the United Kingdom, serving both private and public sector clients across England and Wales. The purpose of the group is to generate and maximise shareholder wealth by way of generating profits. The group works towards its purpose through the means of a strong management team, regular reporting and tracking of key performance indicators, as seen later on in this report.

Review of the business

The directors have undertaken a fair review of the business and some of the details are shown in the paragraphs below.

Business environment

The group operates in the dental section of the United Kingdom’s healthcare sector, which is influenced by regulatory developments, procurement cycles, and healthcare infrastructure investment. The business continues to enhance operational resilience by diversifying its supplier base, investing in stockholding where appropriate, and strengthening supplier partnerships. To meet its performance objectives, the group prioritises customer service, people and culture development, continuous improvement in systems and operational efficiencies, and expansion into new product/service offerings within the sector.

In a report issued by Chrisie & Co, an external, independent firm that specialises in business valuations across several sectors, including the dental sector, they made various market predictions for 2026 which included, but is not limited to:

- Independent practices remaining dominant, but expecting a renewed appetite from corporate groups.

- AI, CRM and digital workflows being industry standard.

- Recruitment and retention remaining the top concern, particularly in NHS-led practices.

With regards to the 2025 financial year, they report:

- An increase in the average price of assets sold, year-on-year, of 2.9% (2024: -9.6%, 2023: -6.4%).

- A 6.7% increase in the number of deals agreed compared with 2024.

Further information on this report can be found here: https://www.christie.com/news-resources/business-outlook-2026/dental/

Strategy

The group is guided by values of integrity, teamwork, attention to detail, problem solving, and taking ownership. Success is driven through consistent service delivery, technical expertise, and a customer-first mindset. Growth is supported by investment in people, technology, and the development of a scalable infrastructure. The group continues to differentiate itself through tailored support services, sector-specific knowledge, and a turnkey offering.

Principal risks and uncertainties

Key risks facing the business include market competition, health & safety, inflationary pressures, customer credit risk, and changes in the regulatory landscape. Increased worldwide unrest and mass protests also pose a risk, whether they come because of war, economic hardship or climate change.

The risk of customer default or delayed payment is monitored through regular debtor reviews and controlled credit terms, helping to protect cash flow and maintain financial stability. Broader operational and financial risks are reviewed regularly by the board, with oversight mechanisms such as supplier audits, budgetary control, and internal reporting. Risk management processes are embedded in day-to-day operations and overseen by senior management, and external consultants are utilised where deemed necessary. The group also maintains contingency plans to address unforeseen developments that may impact continuity or performance.

COMPTON HART LTD
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
Development and performance

Despite the decrease in turnover (as detailed below), the business successfully narrowed its project selection during the year, returning to profitability.

Despite this return to profitability, shareholders’ funds decreased this year. The main factor behind this being that dividends were declared in excess of in-year profits to facilitate a £450,000 share capital redemption in the parent company, Compton Hart Ltd.

Once this is considered, the shareholders’ funds are down approximately £80,000 year-on-year, representing the difference between dividends declared to ultimate equity shareholders and profits available in the year.

Despite all the above points, the balance sheet remains strong with the group continuing to have sufficient bank balances to meet the ongoing needs of the business. Customer retention remains strong and the group remains well-positioned within its market.

The group was also in a position to make bonus payments to employees based on its newly implemented profit share scheme.

Key performance indicators

The directors continually assess both financial and non-financial measures as way of tracking the performance and development of the group. Some of these key metrics have been summarised below:

Turnover: £11,580,504, representing a 17.7% decrease on the previous year.

Gross Profit Margin: 27.6%, up from 22.6% in the previous year.

Net Profit before tax: £323,531, up from a loss of £43,528 in the previous period.

Average number of employees: 56, a decrease of 7 on the previous year.

Adding context to the decrease in turnover, the focus for 2025 was to work towards profitability. This meant that the group was more selective and used a more strategic approach in respect of which projects were taken on. As evidenced above, this approach was successful, with the group returning to profitability in 2025, increasing both gross profit and operating profit margins.

Future developments

The group expects to continue building on its established market position, focusing primarily on implementing new systems, efficiencies and continuing focus on driving profitability.

On behalf of the board

Mr M Welch
Director
21 July 2026
COMPTON HART LTD
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 £320,100. 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 N J Welch
Mr P Welch
Mr L Welch
Mr M Welch
Mrs L Welch
Mrs R Welch
Mrs R Welch
Qualifying third party indemnity provisions

The company has made qualifying third party indemnity provisions for the benefit of its directors during the year. These provisions remain in force at the reporting date.

Statement of directors' responsibilities

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.

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.

COMPTON HART LTD
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to groups and companies entitled to the exemptions of the small companies regime.

On behalf of the board
Mr M Welch
Director
21 July 2026
COMPTON HART LTD
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF COMPTON HART LTD
- 5 -
Opinion

We have audited the financial statements of Compton Hart Ltd (the 'parent company') and its subsidiary (the 'group') for the year ended 31 December 2025 which comprise the group statement of comprehensive income, group and company balance sheets, the group and company statement of changes in equity, the group and company statement of cashflows 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 consolidated financial statements:

- give a true and fair view of the state of the group 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 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 qualified 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 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.

COMPTON HART LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF COMPTON HART LTD
- 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 set out on page ____, 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 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 directors either intend to liquidate the parent company or to cease operations, or have no realistic alternative but to do so.

Auditor 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the group and its financial operations we have considered the initial risks of non-compliance with the UK regulators, predominantly HM Revenue and Customs and the Companies Act 2006. We have assessed the impact of any breaches in such laws and regulations, based on the results of audit testing and enquiries made with management, and considered whether any such findings would have a material impact on these financial statements. We have considered the risk of those charged with management overriding internal controls and the opportunity for financial manipulation. We have considered the effect of any accounting estimates included within these accounts and the effect this may have on our audit opinion.

Our audit procedures together with our assessment of risks identified at planning were transparent to the group and we have communicated with the client throughout the audit as well as the audit engagement team, and this includes such matters as fraud and irregularity. The above procedures do however have their limitations as we can only work on a sample of financial transactions. Ultimately it is the responsibility of those charged with management for the prevention and detection of fraud and other irregularities. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at Auditor’s Responsibilities for the Audit. This description forms part of our auditor’s report.

COMPTON HART LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF COMPTON HART LTD
- 7 -

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 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 company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Russel Byrd (FCA) (Senior Statutory Auditor)
For and on behalf of Byrd + Link Audit Limited, Statutory Auditor
Honeybourne Place
Jessop Avenue
Cheltenham
GL50 3SH
21 July 2026
COMPTON HART LTD
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
2025
2024
Notes
£
£
Turnover
3
11,580,504
14,079,406
Cost of sales
(8,380,659)
(10,893,791)
Gross profit
3,199,845
3,185,615
Administrative expenses
(2,826,761)
(3,200,883)
Other operating income
14,452
-
0
Operating profit/(loss)
4
387,536
(15,268)
Interest receivable and similar income
8
13,360
38,821
Interest payable and similar expenses
9
(77,365)
(67,081)
Profit/(loss) before taxation
323,531
(43,528)
Tax on profit/(loss)
10
(78,822)
29,144
Profit/(loss) for the financial year
26
244,709
(14,384)
Profit/(loss) for the financial year is attributable to:
- Owners of the parent company
233,697
(13,737)
- Non-controlling interests
11,012
(647)
244,709
(14,384)
Total comprehensive income for the year is attributable to:
- Owners of the parent company
233,697
(13,737)
- Non-controlling interests
11,012
(647)
244,709
(14,384)
COMPTON HART LTD
GROUP BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 9 -
2025
2024
Notes
£
£
£
£
Fixed assets
Goodwill
12
221,833
257,910
Other intangible assets
12
1,246,162
1,404,162
Total intangible assets
1,467,995
1,662,072
Tangible assets
13
927,554
1,206,430
2,395,549
2,868,502
Current assets
Stocks
16
1,399,348
1,217,857
Debtors
17
1,762,722
2,375,106
Cash at bank and in hand
606,986
638,658
3,769,056
4,231,621
Creditors: amounts falling due within one year
18
(3,024,694)
(3,904,444)
Net current assets
744,362
327,177
Total assets less current liabilities
3,139,911
3,195,679
Creditors: amounts falling due after more than one year
19
(1,162,006)
(1,103,120)
Provisions for liabilities
Deferred tax liability
22
154,864
178,262
(154,864)
(178,262)
Net assets
1,823,041
1,914,297
Capital and reserves
Called up share capital
25
100
100
Share premium account
26
89,055
89,055
Capital redemption reserve
26
450,000
-
0
Profit and loss reserves
26
1,332,691
1,869,094
Equity attributable to owners of the parent company
1,871,846
1,958,249
Non-controlling interests
(48,805)
(43,952)
Total equity
1,823,041
1,914,297
COMPTON HART LTD
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 21 July 2026 and are signed on its behalf by:
21 July 2026
Mr M Welch
Director
Company registration number 12667417 (England and Wales)
COMPTON HART LTD
COMPANY BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 11 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
14
955
955
Current assets
Debtors
17
554,007
656,414
Creditors: amounts falling due within one year
18
-
(450,000)
Net current assets
554,007
206,414
Net assets
554,962
207,369
Capital and reserves
Called up share capital
25
100
100
Capital redemption reserve
26
450,000
-
0
Profit and loss reserves
26
104,862
207,269
Total equity
554,962
207,369

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 £667,693 (2024 - £144,516 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 21 July 2026 and are signed on its behalf by:
21 July 2026
Mr M Welch
Director
Company registration number 12667417 (England and Wales)
COMPTON HART LTD
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 12 -
Share capital
Share premium account
Capital redemption reserve
Profit and loss reserves
Total controlling interest
Non-controlling interest
Total
Notes
£
£
£
£
£
£
£
Balance at 1 January 2024
100
89,055
-
0
2,256,331
2,345,486
(11,645)
2,333,841
Year ended 31 December 2024:
Loss and total comprehensive income
-
-
-
(13,737)
(13,737)
(647)
(14,384)
Dividends
11
-
-
-
(373,500)
(373,500)
(31,660)
(405,160)
Balance at 31 December 2024
100
89,055
-
0
1,869,094
1,958,249
(43,952)
1,914,297
Year ended 31 December 2025:
Profit and total comprehensive income
-
-
-
233,697
233,697
11,012
244,709
Dividends
11
-
-
-
(320,100)
(320,100)
(15,865)
(335,965)
Redemption of shares
25
-
-
450,000
(450,000)
-
0
-
-
Balance at 31 December 2025
100
89,055
450,000
1,332,691
1,871,846
(48,805)
1,823,041
COMPTON HART LTD
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 13 -
Share capital
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 January 2024
100
-
0
436,253
436,353
Year ended 31 December 2024:
Profit and total comprehensive income for the year
-
-
144,516
144,516
Dividends
11
-
-
(373,500)
(373,500)
Balance at 31 December 2024
100
-
0
207,269
207,369
Year ended 31 December 2025:
Profit and total comprehensive income
-
-
667,693
667,693
Dividends
11
-
-
(320,100)
(320,100)
Redemption of shares
25
-
450,000
(450,000)
-
0
Balance at 31 December 2025
100
450,000
104,862
554,962
COMPTON HART LTD
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 14 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
30
655,155
1,266,080
Interest paid
(51,991)
(67,081)
Income taxes paid
-
(228,028)
Net cash inflow from operating activities
603,164
970,971
Investing activities
Purchase of intangible assets
-
(1,251,212)
Proceeds from disposal of intangibles
-
25,000
Purchase of tangible fixed assets
(57,763)
(656,552)
Proceeds from disposal of tangible fixed assets
73,900
263,755
Repayment of loans
8,249
93,831
Interest received
13,360
38,821
Net cash generated from/(used in) investing activities
37,746
(1,486,357)
Financing activities
Borrowings advanced
321,490
-
Repayment of borrowings
(631,273)
344,060
Repayment of bank loans
(75,668)
127,702
Payment of finance leases obligations
(287,131)
(69,227)
Dividends paid to equity shareholders
-
(373,500)
Dividends paid to non-controlling interests
-
(31,660)
Net cash used in financing activities
(672,582)
(2,625)
Net decrease in cash and cash equivalents
(31,672)
(518,011)
Cash and cash equivalents at beginning of year
638,658
1,156,668
Rounding
-
1
Cash and cash equivalents at end of year
606,986
638,658
COMPTON HART LTD
COMPANY STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 15 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
31
-
228,984
Investing activities
Dividends received
-
144,516
Net cash generated from investing activities
-
144,516
Financing activities
Dividends paid to equity shareholders
-
(373,500)
Net cash used in financing activities
-
(373,500)
Net increase in cash and cash equivalents
-
-
Cash and cash equivalents at beginning of year
-
0
-
0
Cash and cash equivalents at end of year
-
0
-
0
COMPTON HART LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 16 -
1
Accounting policies
Company information

Compton Hart Ltd (“the company”) is a private limited company incorporated, registered and trading in England and Wales with company number 12667417. The registered office is Park Farm Lane, Nuthampstead, Hertfordshire, United Kingdom, SG8 8LZ.

The group consists of Compton Hart Ltd and all of its subsidiaries.

1.1
Accounting convention

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, The principal accounting policies adopted are set out below.

1.2
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Compton Hart Ltd 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.

1.3
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.

COMPTON HART LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 17 -
1.4
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales

taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised

when performance obligations are satisfied and the control of goods or services is transferred to the buyer.

Where the performance obligation is satisfied over time, revenue is recognised in accordance with its

progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is

adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's

major sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the

goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured

reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the

costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of

completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The

stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff

rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue

is recognised only to the extent of the expenses recognised that are recoverable.

Where the outcome of a contract can be estimated reliably, revenue and costs are recognised by reference to

the stage of completion of the contract activity at the reporting end date. Variations in contract work, claims

and incentive payments are included to the extent that the amount can be measured reliably and its receipt is

considered probable.

When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised

as an expense immediately.

Where the outcome of a contract cannot be estimated reliably, contract revenue is recognised to the extent of

contract costs incurred where it is probable that they will be recoverable. Contract costs are recognised as

expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised

as an expense in the period in which they are incurred, they are not included in contract costs if the contract is

obtained in a subsequent period.

The “percentage of completion method” is used to determine the appropriate amount to recognise in a given

period. The stage of completion is measured by the proportion of contract costs incurred for work performed to

date compared to the estimated total contract costs. Costs incurred in the year in connection with future

activity on a contract are excluded from contract costs in determining the stage of completion. These costs

are presented as stocks, prepayments or other assets depending on their nature, and provided it is probable

they will be recovered.

COMPTON HART LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 18 -
1.5
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.6
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation 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:

Trademarks
10% straightline
1.7
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:

Plant and equipment
20% reducing balance
Fixtures and fittings
20% reducing balance
Computers
20% reducing balance
Motor vehicles
25% reducing balance

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.

1.8
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 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.

COMPTON HART LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 19 -
1.9
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible 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.

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.

1.10
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.

1.11
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.

COMPTON HART LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 20 -
1.12
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.

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.

COMPTON HART LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 21 -
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.

1.13
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.

1.14
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.

COMPTON HART LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 22 -
1.15
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.

1.16
Retirement benefits

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

1.17
Leases

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.

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.

1.18

FRS102 revisions

In September 2024, The Financial Reporting Council issued a revised edition of FRS102, effective for accounting periods beginning on or after 1 January 2026. The company, nor any of its subsidiaries ha ve early adopted the revised standard. The directors are assessing the impact of the revised requirements, particularly in relation to revenue recognition and lease accounting. At the date of approval of these financial statements, it is not practicable to quantify the effect of the changes.

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.

COMPTON HART LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 23 -
3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by class of business
Surgery fitout sales
7,094,943
9,140,869
Service sales
4,443,784
3,989,548
Other fitout projects
41,777
948,989
11,580,504
14,079,406
2025
2024
£
£
Turnover analysed by geographical market
United Kingdom
11,580,504
14,079,406
2025
2024
£
£
Other income
Bank interest received and receivable
37,984
38,821
Other interest received and receivable
837
-
4
Operating profit/(loss)
2025
2024
£
£
Operating profit/(loss) for the year is stated after charging/(crediting):
Fees payable to the group's auditor for the audit of the group's financial statements
20,000
-
Depreciation of owned tangible fixed assets
279,969
331,540
Profit on disposal of tangible fixed assets
(15,147)
(36,221)
Amortisation of intangible assets
194,077
94,156
Impairment of intangible assets
-
(4,061)
Profit on disposal of intangible assets
-
(4,062)
Operating lease charges
122,432
44,258
5
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the group and company
-
-
Audit of the financial statements of the company's subsidiaries
22,590
20,000
COMPTON HART LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 24 -
6
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
21
19
-
-
Administration
25
34
-
-
Management
10
10
7
7
Total
56
63
7
7

Their aggregate remuneration comprised:

Group
Company
2025
2024
2025
2024
£
£
£
£
Wages and salaries
2,571,901
2,824,756
-
0
-
0
Social security costs
284,347
257,287
-
-
Pension costs
41,682
46,697
-
0
-
0
2,897,930
3,128,740
-
0
-
0
7
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
119,945
119,256
8
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
13,360
37,984
Other interest income
-
837
Total income
13,360
38,821
2025
2024
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
13,360
37,984
COMPTON HART LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 25 -
9
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
17,460
11,158
Other interest
18,834
5,355
36,294
16,513
Other finance costs:
Interest on finance leases and hire purchase contracts
31,500
47,998
Interest on overdue taxation
9,571
2,570
Total finance costs
77,365
67,081
10
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
75,620
-
0
Adjustments in respect of prior periods
26,600
(19,048)
Total current tax
102,220
(19,048)
Deferred tax
Origination and reversal of timing differences
(23,398)
(10,096)
Total tax charge/(credit)
78,822
(29,144)

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

2025
2024
£
£
Profit/(loss) before taxation
323,531
(43,528)
Expected tax charge/(credit) based on the standard rate of corporation tax in the UK of 25.00% (2024: 19.00%)
80,883
(8,270)
Tax effect of expenses that are not deductible in determining taxable profit
3,055
12,089
Tax effect of utilisation of tax losses not previously recognised
(68,003)
-
0
Unutilised tax losses carried forward
-
0
14,511
Adjustments in respect of prior years
26,600
(19,048)
Effect of capital allowances and depreciation
36,286
(28,427)
Rounding on tax charge
1
1
Taxation charge/(credit)
78,822
(29,144)
COMPTON HART LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 26 -
11
Dividends
2025
2024
Recognised as distributions to equity holders:
£
£
Voted in the year
320,100
373,500
12
Intangible fixed assets
Group
Goodwill
Trademarks
Total
£
£
£
Cost
At 1 January 2025 and 31 December 2025
360,774
1,580,002
1,940,776
Amortisation and impairment
At 1 January 2025
102,864
175,840
278,704
Amortisation charged for the year
36,077
158,000
194,077
At 31 December 2025
138,941
333,840
472,781
Carrying amount
At 31 December 2025
221,833
1,246,162
1,467,995
At 31 December 2024
257,910
1,404,162
1,662,072
The company had no intangible fixed assets at 31 December 2025 or 31 December 2024.
COMPTON HART LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 27 -
13
Tangible fixed assets
Group
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2025
29,795
201,523
428,715
1,241,335
1,901,368
Additions
9,197
1,857
48,792
-
0
59,846
Disposals
-
0
-
0
-
0
(144,542)
(144,542)
At 31 December 2025
38,992
203,380
477,507
1,096,793
1,816,672
Depreciation and impairment
At 1 January 2025
14,287
89,262
96,715
494,674
694,938
Depreciation charged in the year
3,954
24,264
71,497
180,254
279,969
Eliminated in respect of disposals
-
0
-
0
-
0
(85,789)
(85,789)
At 31 December 2025
18,241
113,526
168,212
589,139
889,118
Carrying amount
At 31 December 2025
20,751
89,854
309,295
507,654
927,554
At 31 December 2024
15,508
112,261
332,000
746,661
1,206,430
The company had no tangible fixed assets at 31 December 2025 or 31 December 2024.
14
Fixed asset investments
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Investments in subsidiaries
15
-
0
-
0
955
955
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 January 2025 and 31 December 2025
955
Carrying amount
At 31 December 2025
955
At 31 December 2024
955
15
Subsidiaries

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

COMPTON HART LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
15
Subsidiaries
(Continued)
- 28 -
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Anglian Dental Engineering Ltd
Park Farm Lane, Nuthampstead, Hertfordshire, United Kingdom, SG8 8LZ
Ordinary
95.50
16
Stocks
Group
Company
2025
2024
2025
2024
£
£
£
£
Raw materials and consumables
857,356
691,945
-
-
Finished goods and goods for resale
541,992
525,912
-
0
-
0
1,399,348
1,217,857
-
-
17
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade debtors
1,228,654
1,114,763
-
0
-
0
Gross amounts owed by contract customers
397,344
790,753
-
0
-
0
Amounts owed by group undertakings
-
0
-
0
554,007
656,414
Other debtors
50,512
293,438
-
0
-
0
Prepayments and accrued income
86,212
147,699
-
0
-
0
1,762,722
2,346,653
554,007
656,414
Amounts falling due after more than one year:
Other debtors
-
0
28,453
-
0
-
0
Total debtors
1,762,722
2,375,106
554,007
656,414
COMPTON HART LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 29 -
18
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans
20
60,196
75,668
-
0
-
0
Obligations under finance leases
21
163,132
287,131
-
0
-
0
Other borrowings
20
-
0
450,000
-
0
450,000
Trade creditors
655,283
1,170,026
-
0
-
0
Corporation tax payable
106,789
(62)
-
0
-
0
Other taxation and social security
454,702
228,718
-
0
-
0
Deferred income
23
1,416,705
1,514,523
-
0
-
0
Other creditors
44,838
117,579
-
0
-
0
Accruals and deferred income
123,049
60,861
-
0
-
0
3,024,694
3,904,444
-
0
450,000

On 5 March 2025, the shareholders redeemed 450,000 £1 redeemable shares. The redeemable shares were previously issued at par value and were redeemable at par at the option of the shareholder.

19
Creditors: amounts falling due after more than one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans and overdrafts
20
110,260
170,456
-
0
-
0
Obligations under finance leases
21
31,135
194,267
-
0
-
0
Other borrowings
20
1,020,611
738,397
-
0
-
0
1,162,006
1,103,120
-
-
20
Loans and overdrafts
Group
Company
2025
2024
2025
2024
£
£
£
£
Bank loans
170,456
246,124
-
0
-
0
Preference shares
-
0
450,000
-
0
450,000
Other loans
1,020,611
738,397
-
0
-
0
1,191,067
1,434,521
-
450,000
Payable within one year
60,196
525,668
-
0
450,000
Payable after one year
1,130,871
908,853
-
0
-
0

The long-term loans are unsecured.

COMPTON HART LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 30 -
21
Finance lease obligations
Group
Company
2025
2024
2025
2024
£
£
£
£
Future minimum lease payments due under finance leases:
Due within 1 year
163,132
287,131
-
0
-
0
Due in more than 1 year but within 5 years
31,135
194,267
-
0
-
0
194,267
481,398
-
-

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 three years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

22
Deferred taxation

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

Liabilities
Liabilities
2025
2024
Group
£
£
Accelerated capital allowances
155,494
178,262
Short term timing differences
(630)
-
154,864
178,262
The company has no deferred tax assets or liabilities.
Group
Company
2025
2025
Movements in the year:
£
£
Liability at 1 January 2025
178,262
-
Credit to profit or loss
(23,398)
-
Liability at 31 December 2025
154,864
-

COMPTON HART LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 31 -
23
Deferred income
Group
Company
2025
2024
2025
2024
£
£
£
£
Other deferred income
1,416,705
1,514,523
-
-
24
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
41,682
46,697

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.

At the balance sheet date the group had defined contribution commitments of £5,972 (2024: £8,745).

25
Share capital
Group and company
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A of £0.10 each
100
100
10
10
B of £0.10 each
100
100
10
10
C of £0.10 each
166
166
17
17
D of £0.10 each
165
165
17
17
E of £0.10 each
109
109
11
11
F of £0.10 each
108
108
11
11
G of £0.10 each
108
108
11
11
H of £0.10 each
109
109
11
11
I of £0.10 each
3
3
-
-
J of £0.10 each
32
32
3
3
1,000
1,000
100
100
26
Reserves

Share capital - represents the nominal amount of share capital called up and paid.

Share premium - represents amounts paid in excess of nominal value when shares were acquired.

Profit and loss account - represents cumulative profits net of taxation and dividends.

Non-controlling interest - represents the share of cumulative profits net of taxation and dividends due to minority interests.

COMPTON HART LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 32 -
27
Financial commitments, guarantees and contingent liabilities

As at the balance sheet date, the subsidiary company has three tribunals ongoing with uncertain outcomes. The directors have assessed that the total loss (risk) to the group, should all of these be ruled against them, should not exceed £15,000.

The outcome of the actions are yet to have concluded and due to the uncertainty, no provision has been made in these financial statements.

28
Operating lease commitments
Lessee

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Group
Company
2025
2024
2025
2024
£
£
£
£
Due within 1 year
49,999
22,894
-
-
Due in more than 1 year but within 5 years
14,422
21,961
-
-
64,421
44,855
-
-
29
Related party transactions

During the year the group incurred costs of £41,777 (2024: £948,989) relating to the construction on properties owned by directors and their close family members. These costs were invoiced without any mark-up on cost.

Included within other debtors due within one year are loans to the Directors of £21,108 (2024: £223,434). These loans are provided on an interest-free basis and have no fixed term for repayment.

Included within creditors due in more than one year is a loan from the Directors of £1,020,611 (2024: £738,397). Interest is charged at a commercial rate but there are no fixed terms of repayment.

The parent company was due an amount of £554,007 (2024: £656,414) from it's subsidiary as at the balance sheet date. No interest is charged and there is no fixed term for repayment.

COMPTON HART LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 33 -
30
Cash generated from group operations
2025
2024
£
£
Profit/(loss) after taxation
244,709
(14,384)
Adjustments for:
Taxation charged/(credited)
78,822
(29,144)
Finance costs
77,365
67,081
Investment income
(13,360)
(38,821)
Other operating income - non-cash items
(14,452)
-
Gain on disposal of tangible fixed assets
(15,147)
(36,221)
Gain on disposal of intangible assets
-
(4,062)
Amortisation and impairment of intangible assets
194,077
94,156
Depreciation and impairment of tangible fixed assets
279,969
331,540
Mileage claims unpaid
10,330
-
Movements in working capital:
(Increase)/decrease in stocks
(181,491)
141,927
Decrease in debtors
410,058
961,000
Decrease in creditors
(317,907)
(343,951)
(Decrease)/increase in deferred income
(97,818)
136,959
Cash generated from operations
655,155
1,266,080
31
Cash generated from operations - company
2025
2024
£
£
Profit after taxation
667,693
144,516
Adjustments for:
Investment income
(667,693)
(144,516)
Movements in working capital:
Decrease in debtors
-
228,984
Cash generated from operations
-
228,984
32
Analysis of changes in net debt - group
1 January 2025
Cash flows
31 December 2025
£
£
£
Cash at bank and in hand
638,658
(31,672)
606,986
Borrowings excluding overdrafts
(1,434,521)
243,454
(1,191,067)
Obligations under finance leases
(481,398)
287,131
(194,267)
(1,277,261)
498,913
(778,348)
COMPTON HART LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
32
Analysis of changes in net debt - group
(Continued)
- 34 -

There were no changes in net debt for the company.

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