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REGISTERED NUMBER: 06378753 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2026 |

| FOR |

| CHAPS (SOUTHERN) LIMITED |

CHAPS (SOUTHERN) LIMITED (REGISTERED NUMBER: 06378753)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

| Page |

Company Information | 1 |

Statement of Financial Position | 2 |  | to |  | 3

Notes to the Financial Statements | 4 |  | to |  | 7

CHAPS (SOUTHERN) LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2026

| DIRECTOR: | Mr N R McLeod

| SECRETARY: | Mrs A M Simmen

| REGISTERED OFFICE: | Unit 1

| Hernes Farm Estate

| Greys Road

| Henley-on-Thames

| Oxfordshire

| RG9 4NT

| REGISTERED NUMBER: | 06378753 (England and Wales)

| ACCOUNTANTS: | Seymour Taylor Limited

| First Floor North

| 40 Oxford Road

| High Wycombe

| Buckinghamshire

| HP11 2EE

CHAPS (SOUTHERN) LIMITED (REGISTERED NUMBER: 06378753)

STATEMENT OF FINANCIAL POSITION

31 MARCH 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 19,939 |  | 32,431 |  |

Tangible assets | 5 | 12,285 |  | 22,642 |  |

32,224 |  | 55,073 |  |

CURRENT ASSETS

Stocks | 6 | 16,594 |  | 18,378 |  |

Debtors | 7 | 81,775 |  | 44,630 |  |

Cash at bank and in hand | 1,125,139 |  | 937,231 |  |

1,223,508 |  | 1,000,239 |  |

CREDITORS

Amounts falling due within one year | 8 | 154,565 |  | 111,453 |  |

NET CURRENT ASSETS | 1,068,943 |  | 888,786 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,101,167 |  | 943,859 |  |

PROVISIONS FOR LIABILITIES | 3,071 |  | 6,237 |  |

NET ASSETS | 1,098,096 |  | 937,622 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 1 |  | 1 |  |

Retained earnings | 1,098,095 |  | 937,621 |  |

SHAREHOLDERS' FUNDS | 1,098,096 |  | 937,622 |  |

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

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

The director acknowledges his 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.

CHAPS (SOUTHERN) LIMITED (REGISTERED NUMBER: 06378753)

STATEMENT OF FINANCIAL POSITION - continued

31 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 director and authorised for issue on 22 July 2026 and were signed by:

Mr N R McLeod - Director

CHAPS (SOUTHERN) LIMITED (REGISTERED NUMBER: 06378753)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1. | STATUTORY INFORMATION

| Chaps (Southern) Ltd is a private company limited by shares and incorporated in England and Wales. The address of the company's registered office is Unit 1, Hernes Farm Estate, Greys Road, Henley-on-Thames, Oxfordshire, RG9 4NT. The registered number is 06378753.

| The presentation currency of these financial statements is Sterling (£), being the currency of the primary economic market in which the entity operates (its functional currency). All amounts in these financial statements have been rounded to the nearest pound unless stated otherwise.

| 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.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

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

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

| Intangible assets

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

| Tangible fixed assets

| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

| The company assesses at each reporting date whether tangible fixed assets are impaired.

| Depreciation

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimate useful life:

| Asset class |  |  | Depreciation method and rate |  |

| Plant and machinery |  | - |  | Straight line over 4 years |  |

| Depreciation methods, useful lives and residual values are reviewed if there is an indication of a significant change since the last annual reporting date in the pattern by which the company expects to consume an asset's future economic benefits.

| Stocks

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

CHAPS (SOUTHERN) LIMITED (REGISTERED NUMBER: 06378753)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

2. | ACCOUNTING POLICIES - continued

| Taxation

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

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

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

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

| Hire purchase and leasing commitments

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

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Provisions

| Provisions are recognised when the company has a legal or constructive obligation at the statement of financial position date as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and the amount can be reliably estimated. Provisions are recognised as a liability in the statement of financial position and the relevant amount included as an expense in the statement of comprehensive income.

| Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision or contingency is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in the statement of comprehensive income in the period it arises.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 5 (2025 - 5 ) .

CHAPS (SOUTHERN) LIMITED (REGISTERED NUMBER: 06378753)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2025

| and 31 March 2026 | 250,000 |  |

| AMORTISATION

| At 1 April 2025 | 217,569 |  |

| Amortisation for year | 12,492 |  |

| At 31 March 2026 | 230,061 |  |

| NET BOOK VALUE

| At 31 March 2026 | 19,939 |  |

| At 31 March 2025 | 32,431 |  |

| Goodwill was purchased by the company upon its acquisition of the trade, assets and liabilities of the business formally known as Chaps on 1 November 2007.

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Short |  | Plant and |  | and |  | Motor |

| leasehold |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 April 2025 | 4,436 |  | 11,299 |  | 16,438 |  | 128,685 |  | 160,858 |  |

| Disposals | - |  | - |  | (1,453 | ) | - |  | (1,453 | ) |

| At 31 March 2026 | 4,436 |  | 11,299 |  | 14,985 |  | 128,685 |  | 159,405 |  |

| DEPRECIATION

| At 1 April 2025 | 4,436 |  | 6,699 |  | 14,341 |  | 112,740 |  | 138,216 |  |

| Charge for year | - |  | 1,685 |  | 699 |  | 7,973 |  | 10,357 |  |

| Eliminated on disposal | - |  | - |  | (1,453 | ) | - |  | (1,453 | ) |

| At 31 March 2026 | 4,436 |  | 8,384 |  | 13,587 |  | 120,713 |  | 147,120 |  |

| NET BOOK VALUE

| At 31 March 2026 | - |  | 2,915 |  | 1,398 |  | 7,972 |  | 12,285 |  |

| At 31 March 2025 | - |  | 4,600 |  | 2,097 |  | 15,945 |  | 22,642 |  |

6. | STOCKS

2026 | 2025 |

£ | £ |

| Stocks | 16,594 |  | 18,378 |  |

CHAPS (SOUTHERN) LIMITED (REGISTERED NUMBER: 06378753)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2026

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

2026 | 2025 |

£ | £ |

| Trade debtors | 56,633 |  | 33,657 |  |

| Amounts recoverable on contract | 4,787 |  | 2,131 |  |

| Other debtors | 20,355 |  | 8,842 |  |

81,775 |  | 44,630 |  |

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

2026 | 2025 |

£ | £ |

| Trade creditors | 15,338 |  | 18,246 |  |

| Taxation and social security | 128,354 |  | 85,378 |  |

| Other creditors | 10,873 |  | 7,829 |  |

154,565 |  | 111,453 |  |

9. | LEASING AGREEMENTS

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

2026 | 2025 |

£ | £ |

| Within one year | 12,800 |  | 12,800 |  |

| Between one and five years | 10,667 |  | 23,467 |  |

23,467 |  | 36,267 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 1 | Ordinary | £1 | 1 |  | 1 |  |