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REGISTERED NUMBER: 01237354 (England and Wales)

| Strategic Report, Report of the Directors and |

| Financial Statements |

| for the Year Ended 31 January 2026 |

| for |

| Owen Taylor and Sons Limited |

| Owen Taylor and Sons Limited (Registered number: 01237354) |

Contents of the Financial Statements

for the Year Ended 31 January 2026

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 3 |

| Report of the Independent Auditors | 5 |

| Profit and Loss Account | 8 |

| Balance Sheet | 9 |

| Statement of Changes in Equity | 10 |

| Notes to the Financial Statements | 11 |

| Owen Taylor and Sons Limited |

Company Information

for the Year Ended 31 January 2026

| DIRECTORS: | R J O Taylor

| Mrs V J Taylor

| REGISTERED OFFICE: | 27 Main Road

| Leabrooks

| Alfreton

| Derbyshire

| DE55 1LA

| REGISTERED NUMBER: | 01237354 (England and Wales)

| AUDITORS: | Bates Weston Audit Ltd

| Statutory Auditors

| Chartered Accountants

| The Mills

| Canal Street

| Derby

| DE1 2RJ

| Owen Taylor and Sons Limited (Registered number: 01237354) |

Strategic Report

for the Year Ended 31 January 2026

The directors present their strategic report for the year ended 31 January 2026.

REVIEW OF BUSINESS

Overall, the company has reported an increase in turnover of 8.2% in comparison to the prior year.

The gross profit margin has decreased to 14.9% (2025 - 17.0%).

The company maintains a healthy cash position.

The overall results for the period are considered very good, particularly when taking into account the competitive market conditions and the cost of living crisis.

KEY PERFORMANCE INDICATORS

The directors use the following financial KPIs to assess performance and inform decision-making:

- |  | Turnover growth, to measure business development and market demand |

- |  | Gross profit margin, to monitor pricing and cost control |

- |  | Cash position, to ensure liquidity and financial resilience |

PRINCIPAL RISKS AND UNCERTAINTIES

The management of the company and the execution of the company's strategy are subject to several risks. The company faces challenges from global food price increases as a result of the Russia and Ukraine conflict, tight margins on sales and a greater than average risk of insolvency in the catering market. These global food prices are monitored by the director with any necessary action undertaken.

The main risk to the company is the cost of living crisis which is prompting consumers to spend less. The company continually updates plans to manage the situation and the company is well placed to deal with the disruption.

Additional risks include increasing energy costs and border issues. The company has sufficient margins to account for the increases in energy costs. Brexit has caused some supply chain issues with lorries being delayed and held up at ports.

ORGANISATION

The director continues to monitor the company's organisation and profitability in the light of changes within a highly competitive industry. Changes are implemented where deemed appropriate in order to minimise the effects of the risks and uncertainties the company faces in retaining market share and maintaining margins.

FINANCIAL INSTRUMENTS

Due to the high cash resources in place, the need for other financial instruments is minimal. The main purpose of the financial instruments and cash resources is to provide working capital and finance for the company's operations and improvements.

ON BEHALF OF THE BOARD:

R J O Taylor - Director

7 July 2026

| Owen Taylor and Sons Limited (Registered number: 01237354) |

Report of the Directors

for the Year Ended 31 January 2026

The directors present their report with the financial statements of the company for the year ended 31 January 2026.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of predominantly a wholesale catering butcher and a single retail butchers shop.

DIVIDENDS

An interim dividend of £19.96606 per share was paid on 31 January 2026. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 January 2026 will be £ 1,200,000 .

DIRECTOR

R J O Taylor held office during the whole of the period from 1 February 2025 to the date of this report.

Other changes in directors holding office are as follows:

Mrs V J Taylor was appointed as a director after 31 January 2026 but prior to the date of this report.

DISCLOSURE IN THE STRATEGIC REPORT

The matters required to be disclosed under SI (2008) 410 Sch 7 relating to financial instruments are contained within the Strategic Report as applicable in accordance with s414C(11) of the Companies Act 2006.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

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

- | select suitable accounting policies and then apply them consistently;

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

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

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

| Owen Taylor and Sons Limited (Registered number: 01237354) |

Report of the Directors

for the Year Ended 31 January 2026

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

ON BEHALF OF THE BOARD:

R J O Taylor - Director

7 July 2026

Report of the Independent Auditors to the Members of

Owen Taylor and Sons Limited

Opinion

We have audited the financial statements of Owen Taylor and Sons Limited (the 'company') for the year ended 31 January 2026 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the company's affairs as at 31 January 2026 and of its profit for the year then ended;

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

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

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

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

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

Report of the Independent Auditors to the Members of

Owen Taylor and Sons Limited

Matters on which we are required to report by exception

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

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

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

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

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

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

Responsibilities of directors

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

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

Auditors' responsibilities for the audit of the financial statements

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

Based on our understanding of the company and industry in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to the food industry and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. Audit procedures performed by the engagement team included:

- |  | Enquiry of management around actual and potential litigation and claims; |

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

- |  | Reviewing minutes of meetings of those charged with governance; |

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

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

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

Report of the Independent Auditors to the Members of

Owen Taylor and Sons Limited

Use of our report

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

Wayne Thomas FCA (Senior Statutory Auditor)

for and on behalf of Bates Weston Audit Ltd

Statutory Auditors

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

22 July 2026

| Owen Taylor and Sons Limited (Registered number: 01237354) |

Profit and Loss Account

for the Year Ended 31 January 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

TURNOVER | 28,927,424 |  | 26,742,879 |  |

Cost of sales | 24,622,279 |  | 22,203,572 |  |

GROSS PROFIT | 4,305,145 |  | 4,539,307 |  |

Distribution costs | 625,629 |  | 585,076 |  |

Administrative expenses | 2,807,803 |  | 2,523,777 |  |

|  |  | 3,433,432 |  |  |  |  | 3,108,853 |  |

871,713 |  | 1,430,454 |  |

Other operating income | 7,220 |  | 7,076 |  |

OPERATING PROFIT | 4 | 878,933 |  | 1,437,530 |  |

Interest receivable and similar income | 7,458 |  | 18,236 |  |

886,391 |  | 1,455,766 |  |

Gain/loss on revaluation of investments | 215,426 |  | - |  |

1,101,817 |  | 1,455,766 |  |

Interest payable and similar expenses | 5 | 18,213 |  | - |  |

PROFIT BEFORE TAXATION | 1,083,604 |  | 1,455,766 |  |

Tax on profit | 6 | 286,322 |  | 362,142 |  |

PROFIT FOR THE FINANCIAL YEAR | 797,282 |  | 1,093,624 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 797,282 |  | 1,093,624 |  |

| Owen Taylor and Sons Limited (Registered number: 01237354) |

Balance Sheet

31 January 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 8 | 1,716,811 |  | 1,764,587 |  |

Investments | 9 | 265,426 |  | - |  |

Investment property | 10 | 100,000 |  | 100,000 |  |

2,082,237 |  | 1,864,587 |  |

CURRENT ASSETS

Stocks | 11 | 3,062,026 |  | 2,823,873 |  |

Debtors | 12 | 2,413,222 |  | 2,407,290 |  |

Investments | 13 | - |  | 50,000 |  |

Cash at bank and in hand | 707,553 |  | 714,152 |  |

6,182,801 |  | 5,995,315 |  |

CREDITORS

Amounts falling due within one year | 14 | 5,064,261 |  | 4,302,310 |  |

NET CURRENT ASSETS | 1,118,540 |  | 1,693,005 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,200,777 |  | 3,557,592 |  |

PROVISIONS FOR LIABILITIES | 16 | 378,514 |  | 332,611 |  |

NET ASSETS | 2,822,263 |  | 3,224,981 |  |

CAPITAL AND RESERVES

Called up share capital | 17 | 60,102 |  | 60,102 |  |

Capital redemption reserve | 18 | 20,572 |  | 20,572 |  |

Retained earnings | 18 | 2,741,589 |  | 3,144,307 |  |

SHAREHOLDERS' FUNDS | 2,822,263 |  | 3,224,981 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 7 July 2026 and were signed on its behalf by:

R J O Taylor - Director

| Owen Taylor and Sons Limited (Registered number: 01237354) |

Statement of Changes in Equity

for the Year Ended 31 January 2026

| Called up |  | Capital |

| share |  | Retained |  | redemption |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Balance at 1 February 2024 | 60,102 |  | 3,250,683 |  | 20,572 |  | 3,331,357 |  |

Changes in equity

Dividends | - |  | (1,200,000 | ) | - |  | (1,200,000 | ) |

Total comprehensive income | - |  | 1,093,624 |  | - |  | 1,093,624 |  |

Balance at 31 January 2025 | 60,102 |  | 3,144,307 |  | 20,572 |  | 3,224,981 |  |

Changes in equity

Dividends | - |  | (1,200,000 | ) | - |  | (1,200,000 | ) |

Total comprehensive income | - |  | 797,282 |  | - |  | 797,282 |  |

Balance at 31 January 2026 | 60,102 |  | 2,741,589 |  | 20,572 |  | 2,822,263 |  |

| Owen Taylor and Sons Limited (Registered number: 01237354) |

Notes to the Financial Statements

for the Year Ended 31 January 2026

1. | STATUTORY INFORMATION

| Owen Taylor and Sons 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 Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Financial Reporting Standard 102 - reduced disclosure exemptions

| The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

| • | the requirements of Section 7 Statement of Cash Flows.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

| Turnover represents the net sales of invoiced goods on despatch or pick-up, excluding value added tax. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the agreed upon payment. Rental income is recognised in other income.

| Tangible fixed assets

| Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment loss. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Freehold property |  | - 2% on cost |  |

| Improvements to property |  | - 10% on cost |  |

| Plant and machinery |  | - 15% on reducing balance |  |

| Motor vehicles |  | - at varying rates on cost |  |

| Computer equipment |  | - 33% on cost |  |

| Freehold land is not depreciated.

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

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'administrative expenses' in the profit and loss account.

| Investment property

| Investment property is not depreciated but is revalued annually at its market value in accordance with the Financial Reporting Standard 102. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.

| Owen Taylor and Sons Limited (Registered number: 01237354) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

2. | ACCOUNTING POLICIES - continued

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for slow moving and obsolete items. Cost is based on a first in, first out basis and is calculated as original purchase price plus labour costs of production and preparation.

| Net realisable value is based on the estimated selling price less further costs expected to be incurred to completion and disposal.

| At each reporting date, stock is assessed for impairment. If impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

| Deferred tax

| Deferred tax arises from timing differences that are differences between taxable total profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

| A deferred tax asset is recognised only when it is more likely than not that there will be suitable taxable profits from which the future reversal of underlying timing differences and losses can be deducted.

| Provision is made at current rates for taxation deferred in respect of all material timing differences.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as an expense when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

| Leasing commitments

| Rentals paid under operating leases are charged to the profit and loss account as they are incurred.

| Fixed asset investments

| Fixed asset investments are stated at fair value with changes recognised in profit or loss. Where fair value cannot be measured reliably, investments are carried at cost less impairment.

| Share capital

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

| Cash and cash equivalents

| Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term highly liquid investment with original maturities of three months or less.

| Owen Taylor and Sons Limited (Registered number: 01237354) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

2. | ACCOUNTING POLICIES - continued

| Judgements in applying accounting policies and key sources of estimation uncertainty

| In the application of the company's accounting policies the director is required to make judgement estimates and assumptions about the carrying amounts of the company's assets and liabilities. These are based on historical experience and other factors that are considered relevant and are reviewed on a regular basis and recognised in the period in which the estimate is revised. Actual results may differ from these estimates.

| The following are the critical judgements and where relevant the key sources of estimation uncertainty:

| Tangible fixed assets are depreciated over their useful economic lives, taking into account their residual values where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing the asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual values consider such things as future market conditions, the remaining life of the asset and projected disposal values.

| The recoverability of debtors is assessed on the likelihood and circumstances of the particular cost.

| The value of stock is assessed for impairment. In re-assessing the stock value, factors such as slow movement and obsolescence are taken into account.

| Investment properties are not depreciated but are held at fair value based on the director's judgement and experience taking into account local conditions, market values for similar properties and the company's long-term plans for their use at the balance sheet date. The assumptions are reviewed at least annually and revisions recognised in the current or previous period as is applicable.

3. | EMPLOYEES AND DIRECTORS

| 2026 |  | 2025

£ | £ |

| Wages and salaries | 4,823,262 |  | 4,623,927 |  |

| Social security costs | 579,648 |  | 427,120 |  |

| Other pension costs | 153,559 |  | 128,810 |  |

5,556,469 |  | 5,179,857 |  |

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

| 2026 |  | 2025

| Direct | 106 |  | 109 |  |

| Drivers | 30 |  | 29 |  |

| Administration | 30 |  | 29 |  |

166 |  | 167 |  |

| 2026 |  | 2025

£ | £ |

| Director's remuneration | 18,184 |  | 16,943 |  |

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 1 |  | 1 |  |

| Owen Taylor and Sons Limited (Registered number: 01237354) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

4. | OPERATING PROFIT

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

| 2026 |  | 2025

£ | £ |

| Depreciation - owned assets | 370,657 |  | 320,332 |  |

| Profit on disposal of fixed assets | - |  | (60,113 | ) |

| Auditors' remuneration | 23,208 |  | 23,140 |  |

| Auditors' remuneration for non audit work | 6,860 |  | 6,860 |  |

| Operating lease payments | 33,732 |  | 44,184 |  |

5. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2026 |  | 2025

£ | £ |

| Interest on taxation | 18,213 |  | - |  |

6. | TAXATION

| Analysis of the tax charge

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

| 2026 |  | 2025

£ | £ |

| Current tax:

| UK corporation tax | 240,000 |  | 332,000 |  |

| Adjustment re prior year | 419 |  | 437 |  |

| Total current tax | 240,419 |  | 332,437 |  |

| Deferred tax | 45,903 |  | 29,705 |  |

| Tax on profit | 286,322 |  | 362,142 |  |

| Reconciliation of total tax charge included in profit and loss

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

| 2026 |  | 2025

£ | £ |

| Profit before tax | 1,083,604 |  | 1,455,766 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2025 - 25%) | 270,901 |  | 363,942 |  |

| Effects of:

| Expenses not deductible for tax purposes | 15,003 |  | - |  |

| Income not taxable for tax purposes | - |  | (2,237 | ) |

| Adjustments to tax charge in respect of previous periods | 418 |  | 437 |  |

| Total tax charge | 286,322 |  | 362,142 |  |

7. | DIVIDENDS

| 2026 |  | 2025

£ | £ |

| Interim | 1,200,000 |  | 1,200,000 |  |

| Owen Taylor and Sons Limited (Registered number: 01237354) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

8. | TANGIBLE FIXED ASSETS

| Improvements |

| Freehold |  | to |  | Plant and

| property |  | property |  | machinery

£ | £ | £ |

| COST

| At 1 February 2025 | 249,974 |  | 473,291 |  | 2,266,819 |  |

| Additions | - |  | - |  | 139,637 |  |

| At 31 January 2026 | 249,974 |  | 473,291 |  | 2,406,456 |  |

| DEPRECIATION

| At 1 February 2025 | 147,412 |  | 473,291 |  | 1,122,781 |  |

| Charge for year | 4,467 |  | - |  | 185,981 |  |

| At 31 January 2026 | 151,879 |  | 473,291 |  | 1,308,762 |  |

| NET BOOK VALUE

| At 31 January 2026 | 98,095 |  | - |  | 1,097,694 |  |

| At 31 January 2025 | 102,562 |  | - |  | 1,144,038 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 February 2025 | 893,848 |  | 331,349 |  | 4,215,281 |  |

| Additions | 179,527 |  | 3,717 |  | 322,881 |  |

| At 31 January 2026 | 1,073,375 |  | 335,066 |  | 4,538,162 |  |

| DEPRECIATION

| At 1 February 2025 | 441,750 |  | 265,460 |  | 2,450,694 |  |

| Charge for year | 143,899 |  | 36,310 |  | 370,657 |  |

| At 31 January 2026 | 585,649 |  | 301,770 |  | 2,821,351 |  |

| NET BOOK VALUE

| At 31 January 2026 | 487,726 |  | 33,296 |  | 1,716,811 |  |

| At 31 January 2025 | 452,098 |  | 65,889 |  | 1,764,587 |  |

| Included in cost of land and buildings is freehold land of £ 26,620 (2025 - £ 26,620 ) which is not depreciated.

| Owen Taylor and Sons Limited (Registered number: 01237354) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

9. | FIXED ASSET INVESTMENTS

|  | Unlisted investments |  |

| £ |  |

| COST OR VALUATION |  |

| Reclassification |  | 50,000 |  |

| Revaluation |  | 215,426 |  |

|  | 265,426 |  |

| NET BOOK VALUE |  |

| At 31 January 2026 |  | 265,426 |  |

| Cost or valuation at 31 January 2026 is represented by:

|  | Unlisted investments |  |

| £ |  |

| Valuation in 2026 |  | 215,426 |  |

| Cost |  | 50,000 |  |

|  | 265,426 |  |

10. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 February 2025

| and 31 January 2026 | 100,000 |  |

| NET BOOK VALUE

| At 31 January 2026 | 100,000 |  |

| At 31 January 2025 | 100,000 |  |

| Fair value at 31 January 2026 is represented by:

£ |

| Valuation in 2026 | 100,000 |  |

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

2026 | 2025 |

£ | £ |

| Cost | 60,500 |  | 60,500 |  |

| Aggregate depreciation | (13,310 | ) | (12,100 | ) |

| Investment property was valued on a fair value basis on 31 January 2026 by the director .

| Owen Taylor and Sons Limited (Registered number: 01237354) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

11. | STOCKS

2026 | 2025 |

£ | £ |

| Consumables, packaging and

| hygiene | 36,781 |  | 44,652 |  |

| Raw meat/produce | 3,025,245 |  | 2,779,221 |  |

3,062,026 |  | 2,823,873 |  |

12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Trade debtors | 1,973,319 |  | 1,908,008 |  |

| Other debtors | 267,755 |  | 350,194 |  |

| Prepayments | 172,148 |  | 149,088 |  |

2,413,222 |  | 2,407,290 |  |

13. | CURRENT ASSET INVESTMENTS

2026 | 2025 |

£ | £ |

| Unlisted investments | - |  | 50,000 |  |

14. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Trade creditors | 2,073,119 |  | 2,341,343 |  |

| Amounts owed to group undertakings | 2,382,191 |  | 1,188,825 |  |

| Tax | 151,733 |  | 277,726 |  |

| Social security and other taxes | 134,744 |  | 118,729 |  |

| Other creditors | 178,449 |  | 164,164 |  |

| Director's current account | 88,075 |  | 146,276 |  |

| Accrued expenses | 55,950 |  | 65,247 |  |

5,064,261 |  | 4,302,310 |  |

15. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| Other operating leases |  |

|  | 2026 |  |  | 2025 |  |

|  | £ |  |  | £ |  |

| Obligations repayable: |  |

| Within one year |  | 31,047 |  |  | 24,780 |  |

| Between one and five years |  | 60,193 |  |  | 7,356 |  |

|  | 91,240 |  |  | 32,136 |  |

| Owen Taylor and Sons Limited (Registered number: 01237354) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

16. | PROVISIONS FOR LIABILITIES

2026 | 2025 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 378,514 |  | 332,611 |  |

| Deferred |

| tax |

£ |

| Balance at 1 February 2025 | 332,611 |  |

| Provided during year | 45,903 |  |

| Balance at 31 January 2026 | 378,514 |  |

17. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2026 | 2025 |

| value: | £ | £ |

| 60,102 | Ordinary | £1 | 60,102 |  | 60,102 |  |

18. | RESERVES

| Capital |

| Retained |  | redemption |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 February 2025 | 3,144,307 |  | 20,572 |  | 3,164,879 |  |

| Profit for the year | 797,282 |  | 797,282 |  |

| Dividends | (1,200,000 | ) | (1,200,000 | ) |

| At 31 January 2026 | 2,741,589 |  | 20,572 |  | 2,762,161 |  |

19. | ULTIMATE PARENT COMPANY

| The company's immediate and ultimate parent undertaking is Owen Taylor and Sons Holdings Limited, which prepares group financial accounts.

| The registered office of Owen Taylor and Sons Holdings Limited is 27 Main Road, Leabrooks, Derby, DE55 1LA.

| Copies of the consolidated financial statements of Owen Taylor and Sons Holdings Limited are available from the Registrar of Companies, Companies House, Crown Walk, Cardiff, CF14 3UZ.

20. | RELATED PARTY DISCLOSURES

| The director maintains an interest free current account with the company. At the balance sheet date, the amount owing to the director is shown in the creditors note. The balance is repayable upon demand.

21. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is R J O Taylor.

| Post year end, there was a share organisation and there is no longer an ultimate controlling party.