ACCOUNTS - Final Accounts

Operating profit

The operating profit is stated after charging:

Registered number: 00795675

EDE HOLDINGS LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

EDE HOLDINGS LIMITED

CONTENTS

	Page
Company information	1
Group strategic report	2
Directors' report	3 - 4
Independent auditor's report	5 - 8
Consolidated profit and loss account	9
Consolidated balance sheet	10
Company balance sheet	11
Consolidated statement of changes in equity	12
Company statement of changes in equity	13
Consolidated statement of cash flows	14 - 15
Notes to the financial statements	16 - 35

EDE HOLDINGS LIMITED

COMPANY INFORMATION

Directors	D R C Ede
	J Ede
	S J Ede
	S D Ingledew
	A S Ponting
	C Briggs
	P Lannigan


Company secretary	S D Ingledew


Registered number	00795675


Registered office	Park House
	Station Lane
	Witney
	England
	OX28 4EJ


Independent auditor	Cooper Parry Group Limited
	Statutory Auditor
	Davidson House
	1st floor, The Forbury
	Reading
	RG1 3EU

Page 1

EDE HOLDINGS LIMITED

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 OCTOBER 2025

Introduction

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

Business review

During 2025, the Group maintained its focus on the development and sale of completed residential properties, whilst continuing to expand its land bank and monitor new investment opportunities.
Revenue decreased during the year as a result of lower residential property sales volumes, which was the principal factor contributing to the reduction in gross profit. Profit before taxation also decreased compared to the prior year, reflecting a lower revaluation gain on investment properties and the Group's share of losses from associates, compared with a share of profit in the previous year. Administrative expenses remained broadly consistent with the prior year.
Despite the reduction in profitability, the Group continues to maintain a strong net asset position. During the prior year, the Group drew down a £2,000,000 bank facility to support investment opportunities and provide additional financial flexibility for future growth

Principal risks and uncertainties

The major risk to the group continued to be the potential effect on the housing market caused by uncertainty in the UK and global economies.
As previously, the directors continue to exercise caution in protecting cash resources and the strength and diversity of the group's income streams.
The group has risk management procedures in place to identify and effectively manage risk across the group. Exposure to credit and interest rate risks are in the normal course of the group's business.

Financial key performance indicators

The Group operates in a low-margin, high-risk sector. Consequently, the most important financial performance indicators are turnover, gross margin and net margin. These indicators, together with all of the Group's activities, are closely monitored by the directors.
Turnover this year has decreased to £5,718,716 (2024: £11,736,915).
Gross profit has decreased to £1,166,516 (2024: £1,476,040).
Profit before tax has decreased to loss of £6,345,903 (2024: profit of £783,583). This result includes an impairment charge of £6,560,755 recognised during the year, which is non-cash in nature and reflects a reassessment of the carrying value of certain assets.

Other key performance indicators

Investment property valuation has increased to £25,203,607 (2024: £24,523,162).

This report was approved by the board and signed on its behalf.

D R C Ede

Director

Date: 28 July 2026

Page 2

EDE HOLDINGS LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 OCTOBER 2025

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

Directors' responsibilities statement

The directors are responsible for preparing the group strategic report, the directors' report and the consolidated 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 for the group's financial statements and then apply them consistently;

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

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group 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 the group and to 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.

Results and dividends

The loss for the year, after taxation, amounted to £6,261,066 (2024: profit £633,991).

Dividends of £Nil were distributed to the shareholders of the group (2024: £33,099).

Directors

The directors who served during the year were:

D R C Ede

J Ede

S J Ede

S D Ingledew

A S Ponting (appointed 14 May 2025)

B Smith (appointed 14 May 2025, resigned 8 December 2025)

Future developments

Speculative housing development will continue to be the core business activity of the group. Political uncertainties remain a concern and generally higher activity in housebuilding has brought supply and demand closer together. Although the market has become and most likely will remain softer, this has not yet been reflected in the price of development land. There are therefore probable opportunities as well as challenges ahead.

Page 3

EDE HOLDINGS LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2025

Matters covered in the group strategic report

The group has chosen in accordance with section 414C(11) of the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 to set out in the group's strategic report information required by the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 Schedule 7 to be contained in the directors' report.

Disclosure of information to auditor

Each of the persons who are directors at the time when this directors' report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the company and the group's auditor is unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the company and the group's auditor is aware of that information.

Post balance sheet events

There have been no significant events affecting the group since the year end.

Auditor

The auditor, Cooper Parry Group Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

D R C Ede

Director

Date: 28 July 2026

Page 4

EDE HOLDINGS LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF EDE HOLDINGS LIMITED

Opinion

We have audited the financial statements of Ede Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 October 2025, which comprise the consolidated profit and loss account, the group and company balance sheet, the group and company statement of changes in equity, the consolidated statement of cash flows, the consolidated analysis of net funds and the related notes, 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's affairs as at 31 October 2025 and of the group's loss 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's 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 United Kingdom, including the Financial Reporting Council'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 or 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.

Page 5

EDE HOLDINGS LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF EDE HOLDINGS LIMITED (CONTINUED)

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.

Opinion 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 directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the group strategic report and the directors' report 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 directors' report.

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' responsibilities statement set out on page 3, 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'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.

Page 6

EDE HOLDINGS LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF EDE HOLDINGS LIMITED (CONTINUED)

Auditor's 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 group 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.

We obtained an understanding of the legal and regulatory framework applicable to both the company itself and the industry in which it operates. We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our experience and through discussion with the management. The most significant were identified as the Companies Act 2006, UK GAAP (FRS 102), GDPR and relevant tax legislation. We considered the extent of compliance with those laws and regulations as part of our procedures on the related financial statements. Our audit procedures included:

∙making enquires of directors and management as to where they consider there to be a susceptibility to fraud and whether they have any knowledge or suspicion of fraud;

∙obtaining an understanding of the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations;

∙assessing the design effectiveness of the controls in place to prevent and detect fraud;

∙assessing the risk of management override of internal controls, including identifying and testing journal entries; and

∙challenging the assumptions and judgements made by management in its significant accounting estimates.

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 auditor's report.

Page 7

EDE HOLDINGS LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF EDE HOLDINGS LIMITED (CONTINUED)

Use of our report

This report is made solely to the group'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 group'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 group and the group's members, as a body, for our audit work, for this report, or for the opinions we have formed.

George Style FCA (Senior Statutory Auditor)

for and on behalf of

Cooper Parry Group Limited

Statutory Auditor

Davidson House

1st floor, The Forbury

Reading

RG1 3EU

Date: 28 July 2026

Page 8

EDE HOLDINGS LIMITED

CONSOLIDATED PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 OCTOBER 2025

	2025	2024
Note	£	£


Turnover	3	5,718,716	11,736,915
Cost of sales		(4,552,200)	(10,260,875)
Gross profit		1,166,516	1,476,040
Administrative expenses		(1,695,584)	(1,534,630)
Fair value movement on investment property		809,812	1,137,445
Exceptional other operating income	11	51,555	314,277
Operating profit	4	332,299	1,393,132
Share of operating loss in associates		(2,020,327)	(562,466)
Impairment charge - amounts owed from associates		(4,540,428)	-
Interest receivable and similar income	8	106,211	84,486
Interest payable and similar expenses	9	(223,658)	(131,569)
(Loss)/profit before tax		(6,345,903)	783,583
Tax on (loss)/profit	10	84,837	(149,592)
(Loss)/profit for the financial year		(6,261,066)	633,991

(Loss)/profit for the year attributable to:
Owners of the parent		(6,261,066)	633,991

There were no recognised gains and losses for 2025 or 2024 other than those included in the consolidated profit and loss account.

The notes on pages 16 to 35 form part of these financial statements.

Page 9

EDE HOLDINGS LIMITED

REGISTERED NUMBER: 00795675

CONSOLIDATED BALANCE SHEET

AS AT 31 OCTOBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible fixed assets	13		1,572,835		1,609,477
Investments	14		-		2,020,327
Investment property	15		25,203,607		24,523,162
			26,776,442		28,152,966
Current assets
Stocks	16	557,673		1,918,317
Debtors: amounts falling due within one year	17	17,162,702		23,152,198
Cash at bank and in hand		4,204,335		2,579,744
		21,924,710		27,650,259
Creditors: amounts falling due within one year	18	(2,576,813)		(3,332,983)
Net current assets			19,347,897		24,317,276
Total assets less current liabilities			46,124,339		52,470,242
Creditors: amounts falling due after more than one year	19		(5,325,598)		(5,325,598)
Provisions for liabilities
Deferred tax	21		(1,071,867)		(1,182,232)
Net assets			39,726,874		45,962,412

Capital and reserves
Called up share capital	22	5,127,493	5,127,493
Share premium account	23	120	120
Revaluation reserve	23	8,073,620	7,238,280
Capital redemption reserve	23	300,669	300,669
Profit and loss account	23	26,224,972	33,295,850
Shareholders' funds		39,726,874	45,962,412

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

D R C Ede

Director

Date: 28 July 2026

The notes on pages 16 to 35 form part of these financial statements.

Page 10

EDE HOLDINGS LIMITED

REGISTERED NUMBER: 00795675

COMPANY BALANCE SHEET

AS AT 31 OCTOBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible fixed assets	13		1,442,575		1,444,425
Investments	14		895,216		895,216
Investment property	15		8,115,384		6,596,039
			10,453,175		8,935,680
Current assets
Stocks	16	557,673		1,900,422
Debtors: amounts falling due within one year	17	20,116,000		27,058,645
Cash at bank and in hand		3,973,709		2,081,145
		24,647,382		31,040,212
Creditors: amounts falling due within one year	18	(11,387,586)		(12,207,079)
Net current assets			13,259,796		18,833,133
Total assets less current liabilities			23,712,971		27,768,813
Creditors: amounts falling due after more than one year	19		(3,325,598)		(3,325,598)
Provisions for liabilities
Deferred taxation	21		(570,206)		(599,785)
Net assets			19,817,167		23,843,430

Capital and reserves
Called up share capital	22	5,127,493	5,127,493
Share premium account	23	120	120
Revaluation reserve	23	4,582,737	3,991,122
Capital redemption reserve	23	300,669	300,669
Profit and loss account	23	9,806,148	14,424,026
Shareholders' funds		19,817,167	23,843,430

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

D R C Ede

Director

Date: 28 July 2026

The notes on pages 16 to 35 form part of these financial statements.

Page 11

EDE HOLDINGS LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 OCTOBER 2025

	Called up share capital	Share premium account	Capital redemption reserve	Revaluation reserve	Profit and loss account	Total equity
	£	£	£	£	£	£
At 1 November 2023	5,159,125	120	269,037	6,636,050	33,514,853	45,579,185

Profit for the year	-	-	-	-	633,991	633,991
Revaluation of freehold property	-	-	-	602,230	(802,994)	(200,764)
Reduction in share capital	-	-	31,632	-	-	31,632
Purchase of own shares	-	-	-	-	(50,000)	(50,000)
Shares redeemed during the year	(31,632)	-	-	-	-	(31,632)

At 1 November 2024	5,127,493	120	300,669	7,238,280	33,295,850	45,962,412

Loss for the year	-	-	-	-	(6,261,066)	(6,261,066)
Revaluation of freehold property	-	-	-	835,340	(809,812)	25,528
At 31 October 2025	5,127,493	120	300,669	8,073,620	26,224,972	39,726,874

Page 12

EDE HOLDINGS LIMITED

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 OCTOBER 2025

	Called up share capital	Share premium account	Capital redemption reserve	Revaluation reserve	Profit and loss account	Total equity
	£	£	£	£	£	£
At 1 November 2023	5,159,125	120	269,037	3,388,491	14,489,321	23,306,094

Profit for the year	-	-	-	-	676,750	676,750
Revaluation of freehold property	-	-	-	602,631	(692,045)	(89,414)
Reduction in share capital	-	-	31,632	-	-	31,632
Purchase of own shares	-	-	-	-	(50,000)	(50,000)
Shares redeemed during the year	(31,632)	-	-	-	-	(31,632)

At 1 November 2024	5,127,493	120	300,669	3,991,122	14,424,026	23,843,430

Loss for the year	-	-	-	-	(4,055,842)	(4,055,842)
Revaluation of freehold property	-	-	-	591,615	(562,036)	29,579
At 31 October 2025	5,127,493	120	300,669	4,582,737	9,806,148	19,817,167

Page 13

EDE HOLDINGS LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 OCTOBER 2025

			2025	2024
			£	£

Cash flows from operating activities
(Loss)/profit for the financial year	(6,261,066)	633,991
Adjustments for:
Depreciation of tangible assets	65,397	72,207
Loss on disposal of tangible assets	11,406	(314,277)
Interest paid	223,658	131,569
Interest received	(106,211)	(84,486)
Taxation charge	(11,368)	149,592
Decrease/(increase) in stocks	1,360,644	(1,197,316)
Decrease/(increase) in debtors	1,163,204	(3,743,087)
Decrease in amounts owed by associates	4,848,117	-
(Decrease)/increase in creditors	(769,364)	1,923,291
Increase in amounts owed to associates	35,268	-
Net fair value (gains) recognised in P&L	(809,812)	(1,137,445)
Corporation tax (paid)	(117,368)	(685,836)
Share of operating loss in associates	2,020,327	562,466
Net cash generated from operating activities	1,652,832	(3,689,331)

Page 14

EDE HOLDINGS LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2025

		2025	2024
		£	£



Cash flows from investing activities
Purchase of tangible fixed assets	(28,755)	(441,298)
Sale of tangible fixed assets	(11,406)	-
Purchase of investment properties	(1,115,633)	(90,424)
Sale of investment properties	1,245,000	801,784
Interest received	106,211	84,486
Associates interest received	-	50,000
Net cash from investing activities	195,417	404,548
Cash flows from financing activities
Issue of ordinary shares	-	(50,000)
New secured loans	-	2,000,000
Interest paid	(223,658)	(131,569)
Amounts introduced by members	-	69,967
Drawings paid to members	-	(80,498)
Net cash used in financing activities	(223,658)	1,807,900
Net increase/(decrease) in cash and cash equivalents	1,624,591	(1,476,883)
Cash and cash equivalents at beginning of year	2,579,744	4,056,627
Cash and cash equivalents at the end of year	4,204,335	2,579,744

Cash and cash equivalents at the end of year comprise:
Cash at bank and in hand	4,204,335	2,579,744
	4,204,335	2,579,744

The notes on pages 16 to 35 form part of these financial statements.

Page 15

EDE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

1.	General information

Ede Holdings 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.
The financial statements are presented in Sterling, which is the functional currency of the company, rounded to the nearest £1.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own profit and loss account in these financial statements.

The following principal accounting policies have been applied:

2.2

Basis of consolidation

The consolidated financial statements present the results of the company and its own subsidiaries ("the group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the consolidated profit and loss account from the date on which control is obtained. They are deconsolidated from the date control ceases.

2.3

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. The directors have considered a period of twelve months from the date of approval of the financial statements. Having taken account of all available information about the future, including the company's most recent trading results, budgets and cash flow forecasts, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

2.4

Turnover

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

Page 16

EDE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.5

Interest income

Interest income is recognised in the consolidated profit and loss account using the effective interest method.

2.6

Finance costs

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

2.7

Borrowing costs

All borrowing costs are recognised in the consolidated profit and loss account in the year in which they are incurred.

2.8

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 the consolidated profit and loss account in the period to which they relate.

2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the consolidated profit and loss account except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company and the group operate and generate income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and

∙Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 17

EDE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.10

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the group but are presented separately due to their size or incidence.

2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. 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 charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance method.

Depreciation is provided on the following basis:

Freehold property	-
Plant and machinery	-	at varying rates on cost
Motor vehicles	-	25% on reducing balance
Fixtures and fittings	-	20% on cost

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

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the consolidated profit and loss account.

2.12

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in the consolidated profit and loss account.

2.13

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the consolidated profit and loss account.

Page 18

EDE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.14

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted group shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the consolidated profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

2.15

Associates and joint ventures

An entity is treated as a joint venture where the group is a party to a contractual agreement with one or more parties from outside the group to undertake an economic activity that is subject to joint control.

An entity is treated as an associated undertaking where the group exercises significant influence in that it has the power to participate in the operating and financial policy decisions.
In the consolidated accounts, interests in associated undertakings are accounted for using the equity method of accounting. Under this method an equity investment is initially recognised at the transaction price (including transaction costs) and is subsequently adjusted to reflect the investors share of the profit or loss, other comprehensive income and equity of the associate. The consolidated profit and loss account includes the group's share of the operating results, interest, pre-tax results and attributable taxation of such undertakings applying accounting policies consistent with those of the group. In the consolidated balance sheet, the interests in associated undertakings are shown as the group's share of the identifiable net assets, including any unamortised premium paid on acquisition.

2.16

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the consolidated profit and loss account.

2.17

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to the consolidated profit and loss account.

Page 19

EDE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.18

Financial instruments

The group has elected to apply the provisions of Section 11 “Basic Financial Instruments” 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, with 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 trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the consolidated profit and loss account. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. 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 the consolidated profit and loss account.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the consolidated profit and loss account.

Page 20

EDE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.18

Financial instruments (continued)

Basic 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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the group transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the group will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

Turnover

The whole of the turnover is attributable to the principal activity of the group which is property development, property management building and contracting.

					2025	2024
					£	£

	United Kingdom	5,718,716	11,736,915

All turnover arose within the United Kingdom.

Page 21

EDE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Depreciation charges

40,775

72,207

Fees payable to the company's auditor's for the audit of the consolidated and subsidiary financial statements

32,816

25,705

6.	Employees
	Staff costs, including directors' remuneration, were as follows:

Group	Group	Company	Company
2025	2024	2025	2024
£	£	£	£


Wages and salaries	880,641	836,002	215,353	207,129
Social security costs	111,620	95,685	26,390	21,680
Cost of defined contribution scheme	41,187	37,001	6,149	6,044
	1,033,448	968,688	247,892	234,853

The average monthly number of employees, including the directors, during the year was as follows:

	Group	Group	Company	Company
	2025	2024	2025	2024
	No.	No.	No.	No.

Office and management	13	18	5	5
Foremen and operatives	5	5	-	-

	18	23	5	5

Page 22

EDE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

7.	Directors' remuneration
		2025	2024
		£	£

Directors' emoluments	518,345	433,853
Group contributions to defined contribution pension schemes	14,107	12,200
	532,452	446,053

During the year retirement benefits were accruing to 3 directors (2024: 4) in respect of defined contribution pension schemes.

8.	Interest receivable
		2025	2024
		£	£

Other interest receivable

106,211

84,486

9.	Interest payable and similar expenses
		2025	2024
		£	£

Bank interest payable	132,808	52,603
Other loan interest payable	90,850	78,951
Other interest payable	-	15
	223,658	131,569

Corporation tax
Current tax on profits for the year	-	117,862
Associate taxation	-	23,075

Total current tax	-	140,937

	Deferred tax
	Origination and reversal of timing differences	(84,837)	8,655


		(84,837)	149,592

Page 23

EDE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

10.Taxation (continued)

(Loss)/profit before tax

(6,345,903)

783,583

(Loss)/profit multiplied by standard rate of corporation tax in the UK of 25% (2024: 25%)	(1,586,476)	195,896
Effects of:
Expenses not deductible for tax purposes	1,173,309	31,864
Capital allowances for year in excess of depreciation	-	(6,239)
Dividends from UK companies	-	(12,500)
Dividends paid	-	8,275
Movement in deferred tax	369,108	(131,308)
Other tax differences	(40,778)	63,604
Total tax charge for the year	(84,837)	149,592

11.	Exceptional items
		2025	2024
		£	£

Profit on disposal of tangible fixed assets	-	229,126
Profit on sale of investment property	51,555	85,151
	51,555	314,277

12.	Parent company profit for the year

The company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own profit and loss account in these financial statements. The loss after tax of the parent company for the year was £4,055,842 (2024: profit £676,750).

Page 24

EDE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

13.	Tangible fixed assets
	Group

	Freehold property	Plant and machinery	Motor vehicles	Fixtures and fittings	Total
	£	£	£	£	£
Cost or valuation
At 1 November 2024	1,437,596	182,326	181,632	286,061	2,087,615
Additions	-	-	28,755	-	28,755
At 31 October 2025	1,437,596	182,326	210,387	286,061	2,116,370
Depreciation
At 1 November 2024	-	175,659	79,568	222,911	478,138
Charge for the year	-	2,610	32,706	30,081	65,397
At 31 October 2025	-	178,269	112,274	252,992	543,535
Net book value
At 31 October 2025	1,437,596	4,057	98,113	33,069	1,572,835
At 31 October 2024	1,437,596	6,667	102,064	63,150	1,609,477

The net book value of land and buildings may be further analysed as follows:
	2025	2024
	£	£

	Freehold	1,437,596	1,437,596

Page 25

EDE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

13.Tangible fixed assets (continued)

	Company

	Freehold property	Fixtures and fittings	Total
	£	£	£
Cost or valuation
At 1 November 2024	1,437,596	24,353	1,461,949
At 31 October 2025	1,437,596	24,353	1,461,949
Depreciation
At 1 November 2024	-	17,524	17,524
Charge for the year	-	1,850	1,850
At 31 October 2025	-	19,374	19,374
Net book value
At 31 October 2025	1,437,596	4,979	1,442,575
At 31 October 2024	1,437,596	6,829	1,444,425

The net book value of land and buildings may be further analysed as follows:
	2025	2024
	£	£

	Freehold	1,437,596	1,437,596

Page 26

EDE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

14.	Fixed asset investments
	Group

		Investments in associates
		£

	At 1 November 2024	2,020,327
	Share of profit/(loss)	(2,020,327)
	At 31 October 2025	-

	Net book value
	At 31 October 2025	-
	At 31 October 2024	2,020,327

A strategic review was conducted following the year end date by the directors of the Group’s joint venture entities, as a result of the impact of challenges with in the wider hospitality and leisure sectors. As part of this review independent valuations were obtained over the joint venture property assets, and the directors have concluded that it is necessary to record an impairment to the assets jointly held. This has resulted in the joint ventures incurring a significant loss which has resulted in the investment in associates balance to decrease to £Nil.

	Company

	Investments in subsidiary companies	Investments in associates	Total
	£	£	£
Cost or valuation
At 1 November 2024	894,714	502	895,216
At 31 October 2025	894,714	502	895,216

Net book value
At 31 October 2025	894,714	502	895,216
At 31 October 2024	894,714	502	895,216

Page 27

EDE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Subsidiary undertakings
The following were subsidiary undertakings of the company:
Name	Registered office	Class of shares	Holding

Builders Ede Limited	United Kingdom	Ordinary	100%
Ede Developments (Oxford) Limited	United Kingdom	Ordinary	100%
Oxford Parklands Limited	United Kingdom	Ordinary	100%

The aggregate of the share capital and reserves as at 31 October 2025 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:
Name	Aggregate of share capital and reserves	Profit/(loss)
	£	£

Builders Ede Limited	8,978,935	(332,088)
Ede Developments (Oxford) Limited	3,309,019	(187,402)
Oxford Parklands Limited	8,516,969	334,593

Interest in associate The group's aggregate share of associates at the year end is as follows:
	2025	2024
	£	£

Profit / (loss) before tax	-	(612,466)
Taxation	-	(23,074)
Profit after tax	-	(635,540)
Share of assets
Fixed assets	4,979,687	8,117,509
Current assets	10,203,579	18,104,039
	15,183,266	26,221,548
Share of liabilities
Share of liabilities due within one year	(23,425,840)	(20,721,846)
Share of liabilities due after one year	-	(7,850,653)
	(23,425,840)	(28,572,499)
Share of net assets / (liabilities)	(8,242,575)	(2,350,952)

Page 28

EDE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

15.	Investment property
	Group

		Freehold investment property
		£
	Valuation
	At 1 November 2024	24,523,162
	Additions at cost	1,115,633
	Disposals	(1,245,000)
	Surplus on revaluation	809,812
	At 31 October 2025	25,203,607

Investment properties consist of freehold properties valued by the directors at £23,318,028 (2024: £22,572,056) and leasehold properties valued by the directors at £1,885,579 (2024: £1,951,105).
The original cost of the freehold properties was £14,411,008 (2024: £14,514,770) and the original cost of the leasehold properties was £1,671,294 (2024: £1,696,899).
The directors are of the opinion that all investment properties are stated at their open market value at 31 October 2025.
Fair value at 31 October 2025 is represented by:

					2025
					£

	Valuation in 2006	2,769,774
	Valuation in 2009	(9,141)
	Valuation in 2011	(82,340)
	Valuation in 2012	127,350
	Valuation in 2013	134,832
	Valuation in 2015	255,000
	Valuation in 2020	(191,419)
	Valuation in 2021	270,145
	Valuation in 2022	1,130,000
	Valuation in 2023	3,106,679
	Valuation in 2024	800,613
	Valuation in 2025	809,812
	Cost	16,082,302
	At 31 October 2025	25,203,607

Page 29

EDE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

15.Investment property (continued)

	Company

		Freehold investment property
		£
	Valuation
	At 1 November 2024	6,596,039
	Additions at cost	957,309
	Surplus on revaluation	562,036
	At 31 October 2025	8,115,384

					2025
					£

	Revaluation reserves
	Valuation in 1991	1,837,408
	Valuation in 1992	(769,300)
	Valuation in 1998	(36,000)
	Valuation in 2004	297,000
	Valuation in 2006	200,000
	Valuation in 2013	127,350
	Valuation in 2020	255,000
	Valuation in 2021	(820,400)
	Valuation in 2022	405,000
	Valuation in 2023	1,835,400
	Valuation in 2024	692,045
	Valuation in 2025	562,036
	Cost	3,529,845
	At 31 October 2025	8,115,384

16.	Stocks
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Work in progress	219,048	1,548,240	219,048	1,548,240
Stock	338,625	370,077	338,625	352,182
	557,673	1,918,317	557,673	1,900,422

Page 30

EDE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

17.

Debtors

Group	Group	Company	Company
2025	2024	2025	2024
£	£	£	£


Trade debtors	587,157	703,490	115,066	63,617
Amounts owed by group undertakings	-	-	5,152,014	5,510,705
Amounts owed by associates	9,659,572	16,528,016	9,659,572	16,528,016
Other debtors	5,617,847	5,392,798	5,189,348	4,956,307
Prepayments and accrued income	13,642	-	-	-
Amounts recoverable on long-term contracts	1,252,383	470,291	-	-
Tax recoverable	32,101	57,603	-	-
	17,162,702	23,152,198	20,116,000	27,058,645

Included in other debtors are amounts owed by related parties. Amounts owed by Tenens Ede Homes Limited is £3,160,687 (2024: £2,921,563). Amounts owed by the Feathers Hotel Limited is £154,675 (2024: 24,254). Amounts owed by No.192 Oxford Limited is £1,675,000 (2024: £1,720,000).
A strategic review was conducted following the year end date by the directors of the Group’s joint venture entities, as a result of the impact of challenges with in the wider hospitality and leisure sectors. As part of this review independent valuations were obtained over the joint venture property assets, and the directors have concluded that it is necessary to record an impairment of £4.54m against the amounts owed by associates.
These balances along with the amounts owed by group undertakings and amounts owed by associates are repayable on demand and so have been classed as short term debtors.

18.	Creditors: Amounts falling due within one year
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Trade creditors	315,194	1,079,322	49,351	22,378
Amounts owed to group undertakings	-	-	9,552,427	10,730,841
Amounts owed to associates	159,968	124,700	159,968	124,700
Corporation tax	3,350	25,424	3,349	-
Other taxation and social security	186,273	139,730	32,442	6,172
Other creditors	1,665,723	1,327,952	1,570,184	1,264,388
Accruals and deferred income	246,305	635,855	19,865	58,600
	2,576,813	3,332,983	11,387,586	12,207,079

The amounts owed to group undertakings and amounts owed to associates are repayable on demand and so have been classed as short term creditors.

Page 31

EDE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

19.	Creditors: Amounts falling due after more than one year
		Group	Group	Company	Company
		2025	2024	2025	2024
		£	£	£	£

Bank loans	2,000,000	2,000,000	-	-
Other creditors	3,325,598	3,325,598	3,325,598	3,325,598
	5,325,598	5,325,598	3,325,598	3,325,598

Other creditors consist of preference shares classed as a financial liability, as described in note 22.

20.	Loans
	Analysis of the maturity of loans is given below:
		Group	Group
		2025	2024
		£	£



Amounts falling due 2-5 years
Bank loans	2,000,000	2,000,000

	2,000,000	2,000,000

The loan is due to be repaid by a single repayment in full three years after the drawdown of the facility. This repayment date is 21/06/2027. Interest is payable on the loan at a rate of 2.25% above the Bank of England base rate per annum.

Page 32

EDE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

21.	Deferred taxation
	Group

		2025
		£

	At beginning of year	1,182,232
	Charged to profit or loss	101,902
	Utilised in year	8,463
	At end of year	1,071,867

Company

		2025
		£

	At beginning of year	599,785
	Charged to profit or loss	29,579
	At end of year	570,206

The provision for deferred taxation is made up as follows:
	Group	Group	Company	Company
	2025	2024	2025	2024
	£	£	£	£

Accelerated capital allowances	15,125	22,533	-	1,707
Revaluation of investment property	1,132,451	1,159,699	570,206	598,078
Short term timing differences	(623)	-	-	-
Losses and other deductions	76,332	-	-	-
	1,071,867	1,182,232	570,206	599,785

Page 33

EDE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

22.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

1,082,176 (2024: 1,082,176) Ordinary shares of £1 each	1,082,176	1,082,176
3,635,240 (2024: 3,635,240) A Ordinary shares of £1 each	3,635,240	3,635,240
410,077 (2024: 410,077) B Ordinary shares of £1 each	410,077	410,077

	5,127,493	5,127,493

The holders of ordinary shares have full rights with respect to voting, full rights to receive dividends, full rights to participate in the distribution of capital on a winding up and ordinary shares are redeemable at the option of the holder.
The holders of A ordinary shares have full rights with respect to voting, full rights to receive dividends, full rights to participate in the distribution of capital on a winding up and A ordinary shares are redeemable at the option of the holder.
The holders of B ordinary shares have no rights with respect to voting, full rights to receive dividends, full rights to participate in the distribution of capital on a winding up and B ordinary shares are redeemable at the option of the holder.
The holders of A preference shares have no rights with respect to voting, the right to receive a preferential dividend of 5% increasing annually by RPI to a maximum 4%, full rights to participate in the distribution of capital on a winding up and are redeemable at the option of the holder.
The holders of 10% preference shares have no rights with respect to voting, the right to receive a fixed 10% dividend in preference to the holders of ordinary shares, full rights to participate in the distribution of capital on a winding up and are redeemable at the option of the holder.

23.

Reserves

Share premium account

Includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares is deducted from share premium.

Revaluation reserve

The fair value reserve represents gains retained in the current and previous periods.

Capital redemption reserve

The capital redemption reserve represents capital redeemed by the group back under its ownership.

Profit and loss account

The profit and loss accounts represents accumulated profits and losses for the current period and prior
periods less dividends paid.

Page 34

EDE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

24.	Contingent liabilities

The group has entered into cross guarantees in connection with some of its bank loans and overdrafts. At 31 October 2025, the amount of these loans and overdrafts stood at £Nil (2024: £Nil).
Ede Holdings Limited and Builders Ede Limited are members of the same VAT group. At the year end the liability outstanding under this registration was £130,221 (2024: £56,391).

25.	Pension commitments

The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge, which represents contributions payable by the group to the fund, amounted to £35,038 (2024: £37,001). Contributions totalling £3,156 (2024: £Nil) were payable to the fund at the balance sheet date.

26.	Directors' advances, credits and guarantees
	The following advances and credits to a director subsisted during the years ended 31 October 2025 and 31 October 2024:
		2025	2024
		£	£

D R C Ede
Balance outstanding at start of year	168,810	88,312
Amounts advanced	40,885	173,466
Amounts repaid	(72,488)	(92,968)
Balance outstanding at end of year	137,207	168,810

27.

Related party transactions

Entities with control, joint control or significant influence over the entity
J Ede runs a business trading as Oxon Planning Partnership.
During the year ended 31 October 2025, Builders Ede Limited recharged overheads to Oxon Planning Partnership amounting to £Nil (2024: £Nil).
At 31 October 2025, Ede Holdings Limited had the following balances with companies in which D R C Ede has an interest:
Due from Tenens Ede Limited £8,724,455 (2024: £15,277,982)
Owed to Abingdon Marina (Oxford) Limited £159,966 (2024: £124,700)
Due from Ede Homes Limited £3,160,687 (2024: £2,921,563)
Due from The Edge Hotel (Oxford) Limited £935,117 (2024: £1,250,034)
Due from No.192 Oxford Limited £1,675,000 (2024: £1,720,000)

28.	Controlling party

The ultimate controlling party is D R C Ede.

Page 35