REGISTERED NUMBER: 14314684 (England and Wales)

Group Strategic Report, Report of the Directors and

Consolidated Financial Statements for the Year Ended 31 October 2025

for

Caterleisure Group Limited

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Consolidated Statement of Comprehensive Income

8

Consolidated Balance Sheet

9

Company Balance Sheet

10

Consolidated Statement of Changes in Equity

11

Company Statement of Changes in Equity

12

Consolidated Cash Flow Statement

13

Notes to the Consolidated Cash Flow Statement

14

Notes to the Consolidated Financial Statements

16

DIRECTORS:

Yvonne Clough

Louise Hodgson

Stuart Peacock

Peter O'Connell

REGISTERED OFFICE:

197-199 Main Street

Wilsden

Bradford

BD15 0HR

REGISTERED NUMBER:

14314684 (England and Wales)

AUDITORS:

KJA Kilner Johnson Ltd (Statutory Auditors)

Woodland House

Woodland Park

Bradford Road

Cleckheaton

BD19 6BW

The directors present their strategic report of the company and the group for the year ended 31 October 2025.

REVIEW OF BUSINESS

The principal activity of the group in the year under review was that of bar, catering, and retail solutions for the travel and leisure industry.

The group has significantly exceeded its turnover target of £18,000,000. Operating profit for the year was £1,188,139 which is in line with managements expectations. The group have continued to invest in its rebranding project to ensure that its catering facilities continue to offer high quality, modern premises which can rival its competitors.

The group continues to feel the pressures of inflationary increases in costs such as minimum wage and national insurance. However, management are confident that they have robust pricing strategies in place to enable them to maintain their current gross profit and net profit margins.

PRINCIPAL RISKS AND UNCERTAINTIES

Financial, credit, liquidity and cashflow risk are considered low as the group has sufficient profitability and cash generation. Working capital is managed and constantly reviewed on a weekly basis. The group has a healthy balance sheet, which due to investment in the group assets, has set the motion for individual group companies to operate efficiently in the next financial year.

The major business risks have been inflation, and the announcement of National Insurance rises in the autumn budget.

KEY PERFORMANCE INDICATORS

The board monitors the progress of the group by reference to the following KPI's:

2025

2024

£

£

Turnover

19,492,279

18,086,956

Gross Profit Percentage

35.40%

35.86%

Operating Profit Percentage

6.10%

6.39%

The main non-financial KPI's are customer satisfaction resulting from repeat orders and customer feedback per site.

FUTURE DEVELOPMENTS

The group believes it is well placed to grow its turnover sustainably and increase its profitability.

ON BEHALF OF THE BOARD:

Stuart Peacock - Director

22 July 2026

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

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of bar, catering and retail solutions for the travel and leisure industry.

DIVIDENDS

An interim dividend of £2.75 per share was paid in the year. The directors recommend a final dividend of £Nil per share, making a total of £2.75 per share for the year ended 31 October 2025.

The total distribution of dividend for the year ended 31 October 2025 will be £275,000.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 November 2024 to the date of this report.

Yvonne Clough

Louise Hodgson

Stuart Peacock

Peter O'Connell

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group 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 the group 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;

-	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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and 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 group's auditors are aware of that information.

AUDITORS

The auditors, KJA Kilner Johnson Ltd (Statutory Auditors), will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Stuart Peacock - Director

22 July 2026

Opinion

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

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31 October 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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

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

Our responsibilities and the responsibilities of the 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 Group 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 Group 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 Group 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the 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 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 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 group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent 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:

While planning our audit, we have made enquiries of management and those charged with governance around any actual or potential litigation and claims against the company for non-compliance with specific laws and regulations. The same has been done in respect of any instances of fraud or irregularities. The responses received have been communicated with the engagement team at the planning stage.

We have not been informed of any specific laws or regulatory related issues that could materially impact the financial statements in addition to this, there has been no suspected fraud or irregularities reported to us.

While planning our audit the engagement partner selected appropriately trained staff to be engaged in the audit and the team are allocated based on their competence and capabilities.

The audit work undertaken is a substantive work based audit approach, reviewing to source documentation where appropriate and includes a review and walkthrough of the systems which management have put in place. These tests are directional. Therefore, they are designed in a way to maximise audit effectiveness and the possible identification of any material fraud, irregularities, or instances of systems and procedure breaches. Our testing did not identify any issues that requires any additional reporting.

These tests and other areas of our audit work are designed to enhance our ability to detect cases of material fraud and certain irregularities. It should be noted that our audit is carried out using a material based approach and therefore does not test every transaction, as such it would not detect all instances of irregularities and specifically fraud which is inherently more difficult to detect.

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.

Raza Effendi MBA FCA (Senior Statutory Auditor)

for and on behalf of KJA Kilner Johnson Ltd (Statutory Auditors)

Woodland House

Woodland Park

Bradford Road

Cleckheaton

BD19 6BW

22 July 2026

TURNOVER

3

19,492,279

18,086,956

Cost of sales

12,592,123

11,600,511

GROSS PROFIT

6,900,156

6,486,445

Administrative expenses

5,785,747

5,461,115

1,114,409

1,025,330

Other operating income

73,730

129,886

OPERATING PROFIT

5

1,188,139

1,155,216

Income from current asset

investments

15,839

14,000

1,203,978

1,169,216

Interest payable and similar expenses

6

24,486

24,004

PROFIT BEFORE TAXATION

1,179,492

1,145,212

Tax on profit

7

28,772

31,266

PROFIT FOR THE FINANCIAL YEAR

1,150,720

1,113,946

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,150,720

1,113,946

Profit attributable to:

Owners of the parent

1,150,720

1,113,946

Total comprehensive income attributable to:

Owners of the parent

1,150,720

1,113,946

FIXED ASSETS

Intangible assets

10

(515,702

)

(773,554

)

Tangible assets

11

2,926,231

2,261,122

Investments

12

-

-

2,410,529

1,487,568

CURRENT ASSETS

Stocks

13

391,888

374,488

Debtors

14

268,274

267,300

Investments

15

895,549

836,094

Cash at bank and in hand

2,281,145

2,183,233

3,836,856

3,661,115

CREDITORS

Amounts falling due within one year

16

4,256,605

3,984,616

NET CURRENT LIABILITIES

(419,749

)

(323,501

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,990,780

1,164,067

CREDITORS

Amounts falling due after more than one year

17

-

(77,778

)

PROVISIONS FOR LIABILITIES

19

(60,038

)

(31,267

)

NET ASSETS

1,930,742

1,055,022

CAPITAL AND RESERVES

Called up share capital

20

100,000

100,000

Fair value reserve

21

136,938

84,090

Retained earnings

21

1,693,804

870,932

SHAREHOLDERS' FUNDS

1,930,742

1,055,022

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2026 and were signed on its behalf by:

Stuart Peacock - Director

FIXED ASSETS

Intangible assets

10

-

-

Tangible assets

11

-

-

Investments

12

5,800,002

5,800,002

5,800,002

5,800,002

CURRENT ASSETS

Debtors

14

278,580

278,580

CREDITORS

Amounts falling due within one year

16

278,579

278,579

NET CURRENT ASSETS

1

1

TOTAL ASSETS LESS CURRENT LIABILITIES

5,800,003

5,800,003

CAPITAL AND RESERVES

Called up share capital

20

100,000

100,000

Other reserves

21

5,700,003

5,700,003

SHAREHOLDERS' FUNDS

5,800,003

5,800,003

Company's profit for the financial year

275,000

148,579

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2026 and were signed on its behalf by:

Stuart Peacock - Director

Called up

Fair

share

Retained

value

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 November 2023

100,000

(10,345

)

-

89,655

Changes in equity

Dividends

-

(148,579

)

-

(148,579

)

Total comprehensive income

-

1,029,856

84,090

1,113,946

Balance at 31 October 2024

100,000

870,932

84,090

1,055,022

Changes in equity

Dividends

-

(275,000

)

-

(275,000

)

Total comprehensive income

-

1,097,872

52,848

1,150,720

Balance at 31 October 2025

100,000

1,693,804

136,938

1,930,742

Called up

share

Retained

Other

Total

capital

earnings

reserves

equity

£

£

£

£

Balance at 1 November 2023

100,000

-

5,700,003

5,800,003

Changes in equity

Dividends

-

(148,579

)

-

(148,579

)

Total comprehensive income

-

148,579

-

148,579

Balance at 31 October 2024

100,000

-

5,700,003

5,800,003

Changes in equity

Dividends

-

(275,000

)

-

(275,000

)

Total comprehensive income

-

275,000

-

275,000

Balance at 31 October 2025

100,000

-

5,700,003

5,800,003

Cash flows from operating activities

Cash generated from operations

1

1,695,710

1,288,371

Interest paid

(24,486

)

(24,004

)

Net cash from operating activities

1,671,224

1,264,367

Cash flows from investing activities

Purchase of tangible fixed assets

(1,171,263

)

(772,653

)

Sale of tangible fixed assets

-

4,698

Dividends received

15,839

14,000

Net cash from investing activities

(1,155,424

)

(753,955

)

Cash flows from financing activities

Loan repayments in year

(133,333

)

(133,333

)

Amount introduced by directors

151,718

18,240

Amount withdrawn by directors

(161,273

)

-

Equity dividends paid

(275,000

)

(148,579

)

Net cash from financing activities

(417,888

)

(263,672

)

Increase in cash and cash equivalents

97,912

246,740

Cash and cash equivalents at beginning of year

2

2,183,233

1,936,493

Cash and cash equivalents at end of year

2

2,281,145

2,183,233

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

2025

2024

£

£

Profit before taxation

1,179,492

1,145,212

Depreciation charges

248,301

251,455

Loss on disposal of fixed assets

-

41,756

(Gain)/loss on investments revaluation

(59,455

)

(106,813

)

Finance costs

24,486

24,004

Finance income

(15,839

)

(14,000

)

1,376,985

1,341,614

Increase in stocks

(17,400

)

(47,356

)

(Increase)/decrease in trade and other debtors

(974

)

6,111

Increase/(decrease) in trade and other creditors

337,099

(11,998

)

Cash generated from operations

1,695,710

1,288,371

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 October 2025

31.10.25

1.11.24

£

£

Cash and cash equivalents

2,281,145

2,183,233

Year ended 31 October 2024

31.10.24

1.11.23

£

£

Cash and cash equivalents

2,183,233

1,936,493

3.	ANALYSIS OF CHANGES IN NET FUNDS

Other

non-cash

At 1.11.24

Cash flow

changes

At 31.10.25

£

£

£

£

Net cash

Cash at bank

and in hand

2,183,233

97,912

2,281,145

2,183,233

97,912

2,281,145

Liquid resources

Current asset

investments

836,094

-

59,455

895,549

836,094

-

59,455

895,549

Debt

Debts falling due

within 1 year

(133,333

)

55,555

-

(77,778

)

Debts falling due

after 1 year

(77,778

)

77,778

-

-

(211,111

)

133,333

-

(77,778

)

Total

2,808,216

231,245

59,455

3,098,916

1.	STATUTORY INFORMATION

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

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

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 as modified by the revaluation of certain assets.

Basis of consolidation

The consolidated financial statements include the results of the Company and all its subsidiary undertakings made up to the same accounting date. All intra-Group balances, transactions, income and expenses are eliminated in full on consolidation. The results of subsidiary undertakings acquired or disposed of during the period are included or excluded from the consolidated income statement from the effective date of acquisition or disposal.

Significant judgements and estimates

In the application of the company's accounting policies, which are described in note 2, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results 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 id the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover

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

Negative goodwill

Negative goodwill arising on consolidation is been recognised in the profit and loss over its estimated useful economic life of 5 years.

Intangible assets

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

Tangible fixed assets

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

Short leasehold

-

33% reducing balance, 25% reducing balance, 20% reducing balance, 20% straight line, 10% reducing balance and 10% straight line

Fixtures and fittings

-

33% reducing balance, 25% reducing balance, 20% reducing balance, 20% straight line and 10% reducing balance

Motor vehicles

-

25% straight line and 25% reducing balance

Tangible fixed assets are measured at historical cost less accumulated depreciation and impairment.

Freehold Property

Freehold property is measured at cost less accumulated depreciation and impairment. The directors have assessed the estimated residual value of the freehold property and consider it to be not materially different from its carrying amount. Accordingly, no depreciation has been charged, as the directors believe the carrying value of the property is in line with its residual value. The residual value is reviewed at each reporting date to ensure this assessment remains appropriate.

Stocks

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

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

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

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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

3.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the group.

An analysis of turnover by geographical market is given below:

2025

2024

£

£

United Kingdom

15,760,555

14,504,937

Isle of Man

1,818,468

1,846,257

Channel Islands

1,913,256

1,735,762

19,492,279

18,086,956

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

6,431,880

6,035,221

Social security costs

504,828

372,771

Other pension costs

198,224

107,975

7,134,932

6,515,967

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

2025

2024

Average group employees

322

300

2025

2024

£

£

Directors' remuneration

334,662

253,897

Information regarding the highest paid director is as follows:

2025

2024

£

£

Emoluments etc

121,840

94,729

5.	OPERATING PROFIT

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

2025

2024

£

£

Hire of plant and machinery

2,074

5,990

Other operating leases

2,101,262

1,884,281

Depreciation - owned assets

506,154

518,306

Loss on disposal of fixed assets

-

41,756

Goodwill amortisation

(257,852

)

(257,852

)

Auditors' remuneration

10,000

10,000

Non-audit services

15,700

22,500