The directors present the strategic report for the year ended 30 November 2025.

Overall group performance has continued to be robust, in accordance with a proven track record. National and international conditions have once again driven costs up through a combination of overseas conflicts, inconsistent governance, National Insurance burden on business, and further living wage increases above inflation. The Bank of England base rate has not fallen as far as expected, creating hesitancy in the market and slowing down transactions in many areas of the business

The group's turnover for the year has increased by 10.44% from the previous year and the gross profit margin has decreased to 14.28% compared to a margin of 16.41% in 2024. The group has continued its efforts to control administrative costs which have reduced by 9.97% from the previous year.

Shareholder funds have increased by £849,370 to £19,096,402 at 30 November 2025.

We have several development sites that are being delayed for reasons of financial viability and where a financial loss could potentially be crystalised. The group can however take a longer-term view of its own target returns, where commercial leases are concerned, in the belief that a market correction will come in due course. No work on new housing developments has occurred in 2026 so far and is unlikely to do so until market conditions and demand improve. The group is also mindful of the associated planning expiration dates. Work has now commenced on the former Regal Cinema in Bacup with an agreement for grant assistance from the Local Authority, and by the group stretching the parameters on returns way beyond our usual timeframes. This is in a location where the business was founded, and it is hoped that the project will encourage further investment in the area in recognition of a community who dedicated themselves to industry and manufacture.

Construction contracts, which have been in negotiations for many years, are now close to being awarded as construction costs and technical challenges in the planning system led to previous delays. Other projects that have been over budget have led to value engineering which in turn then involves procedural delays. Our main construction activities have been in education, with three projects on currently site where educational space is being expanded. One of these projects is for a previous client and the other two with the same contract administrator suggesting consistency and quality in the work being delivered by our Construction arm. Other projects likely to start in 2026 are the second phase of Dunsop Bridge, and St Pauls Church in Oldham.

Current construction projects include St Johns School in Thornham, Tytherington High School and Mount St Josephs, with works to our own properties to improve EPC’s and the quality of space available at Forest Mill, Ironworks, Cloisters. We continue to be in consideration for future work for many long-standing clients.

Timings from tender submissions to mobilisation on site remain extended and, in some cases, for many years as clients grapple with their own financial constraints leading to a period of tight margins. Despite this the group has employment development projects in the pipeline for 2027 which may include more than 50,000 sq ft of further employment space on Waters Meeting, and 10,000 sq ft in Waterfoot in addition to our current commitments in Bacup.

Staff resource and availability have improved due to the national slowdown in residential development, but this allows us to maintain the high standards and work ethic our staff provide, but with greater caution with the Employment Bill now in effect.

Industrial lettings remain consistent but strained in some sectors, although occupancy levels remain consistent. The group remains committed to improvement in energy efficiency, and quality of the space on offer whilst simplifying the portfolio for future generations of the business.

We remain optimistic for the future and expect a robust financial future thanks to our long standing and valued relationships in both our business support and client network.

Financial risk management is an integral part of the group's processes.

Cash flow is monitored by regular review of the cash position against forecasts. Trade debt levels are continually monitored and managed to keep them at an acceptable level. This enables the group to ensure that it has the ability to meet the cash flow requirements of its operations, whilst avoiding excessive levels of debt.

The group actively uses financial instruments as part of its financial risk management. The group finances working capital through bank borrowings at the prevailing market interest rates and its exposure to price risk is therefore minimal.

The Boys Holdings Plc group is a leading development,construction and investment group in the North West region which depends on the trust and confidence of its stakeholders to operate sustainably in the long term. The group is always looking to put its clients' interests first, to invest in its employees, to support the local community in which it is based and to strive to generate increasing profits to reinvest in future growth.

The directors of Boys Holdings Plc have acted in accordance with their duties codified in law, which include their duty to act in the way in which they consider, in good faith, will consistently promote the success of the group for the benefit of its members as a whole, having regard to the stakeholders and matters set in Section 172(1) of the Companies Act 2006.

Section 172 considerations are implemented in all the decision making undertaken at board level. The group's vision and values are set out in the Strategic Report together with the risks facing the group. The Board of directors believe that strong governance is essential to the group.

The group and its directors are committed to increase the efficiency of the group's construction processes and its ability to recycle surplus materials.

On behalf of the board

The directors present their annual report and financial statements for the year ended 30 November 2025.

The company has continued to operate as a property investor and holding company.

The group has continued its activities in both property development and general building contracting.

The results for the year are set out on page 8.

Interim dividends of £437,600 (2024: £237,600) were paid during the year.

The directors do not recommend the payment of a final dividend.

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

In accordance with the company's articles, a resolution proposing that Pierce C A Limited be reappointed as auditor of the group will be put at a General Meeting.

As the parent company has not consumed more than 40,000 kWHh of energy in this reporting period, it qualifies as a low energy user under these regulations and is not required to report on its emissions, energy consumption or energy efficiency activities. The subsidiary company is exempt from the reporting requirements in its own right.

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

The directors are responsible for preparing the Annual Report 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 group and company, and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

• select suitable accounting policies and then apply them consistently;

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

• state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

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

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and 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 group and company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

We have audited the financial statements of Boys Holdings Plc (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 November 2025 which comprise the group profit and loss account, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows 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 FRS 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 the parent company's affairs as at 30 November 2025 and of the group's profit for the year then ended;

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

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

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent 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 group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

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

Other information

The 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.

Opinions on other matters prescribed by the Companies Act 2006

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

• The information given in the 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 strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identified material misstatements in the 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.

As explained more fully in the directors' responsibilities statement, 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 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 parent company or to cease operations, or have no realistic alternative but to do so.

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 financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

In identifying and assessing risks of material misstatements in respect of irregularities (including fraud) we considered the following:

• The nature of the industry, the company's and the group’s control environment, the significant laws and regulations relevant to the company and the group, and the company's and the group’s policies on detection of fraud;

• Results of our enquiries of management, those charged with governance, and of staff in compliance roles;

• Our review of disclosures included in the financial statements; and

• Engagement team discussions in respect of any potential indicators of non-compliance or fraud.

We have also performed specific procedures to consider the risk of management override and of fraud arising in significant transactions outside the normal course of business.

We did not identify a material risk of non-compliance with laws and regulations or of fraud.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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 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 company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

The profit and loss account has been prepared on the basis that all operations are continuing operations.

As permitted by s408 Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company’s profit for the year was £1,429,947 (2024 - £1,346,997 profit).

Boys Holdings Plc (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is Todd Carr Road, Waterfoot, Rossendale, Lancashire, BB4 9SJ.

The group consists of Boys Holdings Plc and all of its subsidiaries.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of development properties and investment properties at fair value. The principal accounting policies adopted are set out below.

The consolidated group financial statements consist of the financial statements of the parent company Boys Holdings plc together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

All financial statements are made up to 30 November 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

The group finances its business operations through an overdraft facility provided by its bankers.

The directors are confident that in preparing the financial statements they have taken into account all the information that could reasonably be expected to be available.

On this basis, they consider that it is appropriate to prepare the financial statements on the going concern basis.

Turnover represents amounts receivable for goods, services and rental income, net of VAT and trade discounts.

Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs to date bear to total expected costs for that contract.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Tangible fixed assets include development properties and investment properties valued by professional valuers on a market value basis. Other tangible assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

No depreciation is provided in respect of the development properties because they are not complete and ready for use. On completion development properties are transferred to investment properties when the property is substantially let and income producing and are then carried in the balance sheet at market valuation.

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

Other fixed asset investments are stated at cost less provision for diminution in value.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account. Contract retentions withheld by customers are not invoiced or accounted for until they fall due for payment.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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 and 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, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. 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 profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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 deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

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

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

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

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

The preparation of these financial statements requires certain judgements, estimates and assumptions that affect the reported amounts of assets, liabilities, income and expenses. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

The investment properties are stated at the directors' estimate of open market value as at 30 November 2025. Calculation of this valuation requires judgements to be made, which include consideration of both the local property market and the wider economic environment.

An analysis of the group's turnover is as follows:

All of the group's turnover is generated within the United Kingdom.

The average monthly number of persons (including directors) employed by the group and company during the year was:

Their aggregate remuneration comprised:

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts.

The group's development property at Hurdles Quarry was revalued in February 2003 by Pettys Chartered Surveyors at market value. The valuation of £100,000 was incorporated into the balance sheet at that date. The directors consider it appropriate to carry forward this valuation along with further improvements made since this date of £7,270.

If revalued assets were stated on an historical cost basis rather than a fair value basis, the total amounts included would have been as follows:

The group's investment properties were revalued at market value at 28 February 2020 and 15 February 2023 by Knight Frank LLP. The valuations were deemed to be representative of the market value of the properties as of 30 November 2019 and 30 November 2025 respectively and were incorporated into the balance sheets at those date. The directors consider that these valuations represent a reasonable estimate, together with the additions made in the current and previous years, of the market value of the properties at 30 November 2025.

In 2015 the group acquired a property for £80,000. This cost is deemed to be a reasonable estimate of that property's market value at the balance sheet date.

The historic cost of the investment properties for the group is £5,878,723 (2024: £5,832,992).

The historic cost of the investment properties for the company is £7,226,832 (2024: £7,290,534).

Cumulative interest capitalised within the cost of investment properties amounts to £87,083 (2024: £87,083).

All diminutions in investment property values that have resulted in the market value of the property falling below cost are considered to be temporary diminutions in value.

Details of the company's subsidiaries at 30 November 2025 are as follows:

Finance lease payments represent rentals payable by the group for certain items of plant and machinery and motor vehicles. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is three years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

Net obligations under finance leases are secured by fixed charges on the assets concerned.

The group's bank borrowings are secured by:

i) First legal charges over all of the assets of the group; and

ii) Debentures over all of the assets of the group; and

iii) Unlimited inter company cross guarantees by and between the group and the companies detailed below, supported by debentures over the assets of these companies and first legal charges over various properties held by the same companies

i) Brother Investments Limited

ii) Brother Developments Limited

iii) Brother Developments (Yorkshire) Limited

iv) Kingfisher Business Centres Limited

v) B & E Boys (Construction) Limited

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

The deferred tax liability set out above principally relates to accelerated capital allowances that are expected to mature within a period of four years and the potential tax on fair value gains which is expected to crystallise as and when the group disposes of its investment properties.

Each class of share has the same voting and capital rights.

During the year the group has given an unlimited inter company guarantee, supported by debentures over the group's assets, in respect of bank loans provided to Brother Investments Limited, Brother Developments Limited and Kingfisher Business Centres Limited.

At 30 November 2025 the bank loan balances were as follows:

Brother Investments Limited         £14,254,610    (Facility: £16,245,985); and

Brother Developments Limited        £894,000    (Facility: £1,043,000); and

Kingfisher Business Centres Limited    £444,000    (Facility: £518,000)

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

The group has declared and paid dividends totalling £493,400 in respect of its A £1 ordinary share capital in the period following the balance sheet date.

During the year the group entered into the following transactions with related parties:

The following amounts were outstanding at the reporting end date:

The following amounts were outstanding at the reporting end date:

The company is under the control of the Boys family directors who, either as individuals or through family trusts operated for their benefit, own 100% of the issued share capital of the company.

Included in other creditors are interest-free loans advanced by the directors amounting to £452,275 (2024 - £64,852).