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REGISTERED NUMBER: 03954779 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31st March 2026

for

The Theakston Pub Company Limited

| The Theakston Pub Company Limited (Registered number: 03954779) |

Contents of the Financial Statements

For The Year Ended 31st March 2026

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| The Theakston Pub Company Limited |

Company Information

For The Year Ended 31st March 2026

| DIRECTORS: | N R Theakston

| T J Theakston

| S F O Theakston

| E D Theakston

| SECRETARY: | N R Theakston

| REGISTERED OFFICE: | Ramshaw

| Jervaulx

| Ripon

| North Yorkshire

| HG4 4PQ

| REGISTERED NUMBER: | 03954779 (England and Wales)

| ACCOUNTANTS: | F E Metcalfe & Co Limited

| Chartered Accountants

| 4 Old Market Place

| Ripon

| North Yorkshire

| HG4 1EQ

| The Theakston Pub Company Limited (Registered number: 03954779) |

Balance Sheet

31st March 2026

31.3.26 | 31.3.25 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Intangible assets | 3 | 1,098,592 |  | 1,161,448 |  |

Tangible assets | 4 | 51,674 |  | 62,795 |  |

1,150,266 |  | 1,224,243 |  |

CURRENT ASSETS

Stocks | 14,475 |  | 13,729 |  |

Debtors | 5 | 36,393 |  | 63,030 |  |

Cash at bank | 261,646 |  | 279,107 |  |

312,514 |  | 355,866 |  |

CREDITORS

Amounts falling due within one year | 6 | 117,049 |  | 153,955 |  |

NET CURRENT ASSETS | 195,465 |  | 201,911 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,345,731 |  | 1,426,154 |  |

CREDITORS

Amounts falling due after more than one year | 7 | - |  | (3,472 | ) |

PROVISIONS FOR LIABILITIES | 8 | (11,830 | ) | (14,371 | ) |

NET ASSETS | 1,333,901 |  | 1,408,311 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 100 |  | 100 |  |

Revaluation reserve | 1,098,592 |  | 1,161,448 |  |

Retained earnings | 235,209 |  | 246,763 |  |

SHAREHOLDERS' FUNDS | 1,333,901 |  | 1,408,311 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

| The Theakston Pub Company Limited (Registered number: 03954779) |

Balance Sheet - continued

31st March 2026

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th August 2026 and were signed on its behalf by:

S F O Theakston - Director

| The Theakston Pub Company Limited (Registered number: 03954779) |

Notes to the Financial Statements

For The Year Ended 31st March 2026

1. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| (a) General information and basis of preparation

| The Theakston Pub Company Limited is a private company limited by shares incorporated in England. The address of the registered office is Ramshaw, Jervaulx, Ripon, North Yorkshire HG4 4PQ.

| The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 (Section 1A) The Financial Reporting Standard Applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

| The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

| (b) Intangible assets

| The intangible asset is the value arising from the 35 year lease to operate from the premises at The White Bear, Masham. The period chosen for the writing off of the intangible asset is 35 years being the period of the lease. Provision is made for any impairment.

| (c) Tangible fixed assets

| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

| Leasehold property |  | 20% on cost |  |

| Fixtures, fittings and equipment |  | 20% on cost |  |

| (d) Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

| (e) Debtors and creditors receivable / payable within one year

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

| (f) Loans and borrowings

| Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

| (g) Impairment

| Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

| (h) Provisions

| Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

| The Theakston Pub Company Limited (Registered number: 03954779) |

Notes to the Financial Statements - continued

For The Year Ended 31st March 2026

| (i) Leases

| Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

| Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

| (j) Tax

| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

| (k) Turnover and other income

| Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

| Wet and dry sales, accommodation

| Turnover for the sale of wet and dry sales is recognised when the service has been provided and the sale is recorded through the tills. Accommodation is recognised when the service has been provided by the provision of a nights accommodation,

| Interest receivable

| Interest income is recognised using the effective interest method.

| (l) Foreign currency

| Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

| Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

| (m) Employee benefits

| When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

| The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

2. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 40 (2025 - 44 ) .

| The Theakston Pub Company Limited (Registered number: 03954779) |

Notes to the Financial Statements - continued

For The Year Ended 31st March 2026

3. | INTANGIBLE FIXED ASSETS

35 year |

lease at |

valuation |

| £

| COST

| At 1st April 2025

| and 31st March 2026 | 2,200,000 |  |

| AMORTISATION

| At 1st April 2025 | 1,038,552 |  |

| Charge for year | 62,856 |  |

| At 31st March 2026 | 1,101,408 |  |

| NET BOOK VALUE

| At 31st March 2026 | 1,098,592 |  |

| At 31st March 2025 | 1,161,448 |  |

4. | TANGIBLE FIXED ASSETS

Fixtures, |

Fittings |

Leasehold | and |

property | Equipment | Totals |

| £ | £ | £

| COST

| At 1st April 2025 | 116,234 |  | 670,402 |  | 786,636 |  |

| Additions | - |  | 18,352 |  | 18,352 |  |

| At 31st March 2026 | 116,234 |  | 688,754 |  | 804,988 |  |

| DEPRECIATION

| At 1st April 2025 | 116,234 |  | 607,607 |  | 723,841 |  |

| Charge for year | - |  | 29,473 |  | 29,473 |  |

| At 31st March 2026 | 116,234 |  | 637,080 |  | 753,314 |  |

| NET BOOK VALUE

| At 31st March 2026 | - |  | 51,674 |  | 51,674 |  |

| At 31st March 2025 | - |  | 62,795 |  | 62,795 |  |

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

31.3.26 | 31.3.25 |

| £ | £

| Trade debtors | 1,764 |  | 21,754 |  |

| Other debtors | 5,178 |  | 15,780 |  |

| Directors' current accounts | 14,212 |  | 14,212 |  |

| Prepayments | 15,239 |  | 11,284 |  |

36,393 |  | 63,030 |  |

| The Theakston Pub Company Limited (Registered number: 03954779) |

Notes to the Financial Statements - continued

For The Year Ended 31st March 2026

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

31.3.26 | 31.3.25 |

| £ | £

| Bank loans and overdrafts | 2,640 |  | 10,000 |  |

| Trade creditors | 33,859 |  | 39,385 |  |

| Corporation Tax | 14,427 |  | 17,432 |  |

| Social security and other taxes | 33,475 |  | 44,761 |  |

| Other creditors | 9,549 |  | 13,268 |  |

| Accrued expenses | 23,099 |  | 29,109 |  |

117,049 |  | 153,955 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

31.3.26 | 31.3.25 |

| £ | £

| Bank loan | - |  | 3,472 |  |

8. | PROVISIONS FOR LIABILITIES

31.3.26 | 31.3.25 |

| £ | £

| Deferred tax | 11,830 |  | 14,371 |  |

Deferred tax |

| £

| Balance at 1st April 2025 | 14,371 |  |

| Provided during year | (2,541 | ) |

| Balance at 31st March 2026 | 11,830 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.3.26 | 31.3.25 |

value: |  | £ | £

| 100 | Ordinary | £1 | 100 |  | 100 |  |

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31st March 2026 and 31st March 2025:

31.3.26 | 31.3.25 |

| £ | £

| E D Theakston

| Balance outstanding at start of year | 14,212 |  | 15,012 |  |

| Amounts repaid | - |  | (800 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 14,212 |  | 14,212 |  |

| The Theakston Pub Company Limited (Registered number: 03954779) |

Notes to the Financial Statements - continued

For The Year Ended 31st March 2026

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

| S F O Theakston

| Balance outstanding at start of year | - |  | 800 |  |

| Amounts repaid | - |  | (800 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | - |  |

| N R Theakston

| Balance outstanding at start of year | - |  | 800 |  |

| Amounts repaid | - |  | (800 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | - |  |

| T J Theakston

| Balance outstanding at start of year | - |  | 800 |  |

| Amounts repaid | - |  | (800 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | - |  |

| The loans were interest free.

11. | ULTIMATE CONTROLLING PARTY

| The Company is controlled by the Board of Directors.