IRIS Accounts Production v26.1.10.60 08433609 Board of Directors 1.1.25 31.12.25 31.12.25 false true true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 08433609 2024-12-31 08433609 2025-12-31 08433609 2025-01-01 2025-12-31 08433609 2023-12-31 08433609 2024-01-01 2024-12-31 08433609 2024-12-31 08433609 ns15:EnglandWales 2025-01-01 2025-12-31 08433609 ns14:PoundSterling 2025-01-01 2025-12-31 08433609 ns10:Director1 2025-01-01 2025-12-31 08433609 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 08433609 ns10:SmallEntities 2025-01-01 2025-12-31 08433609 ns10:Audited 2025-01-01 2025-12-31 08433609 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 08433609 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 08433609 ns10:FullAccounts 2025-01-01 2025-12-31 08433609 1 2025-01-01 2025-12-31 08433609 ns10:Director2 2025-01-01 2025-12-31 08433609 ns10:Director3 2025-01-01 2025-12-31 08433609 ns10:Director4 2025-01-01 2025-12-31 08433609 ns10:Director5 2025-01-01 2025-12-31 08433609 ns10:RegisteredOffice 2025-01-01 2025-12-31 08433609 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 08433609 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 08433609 ns5:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 08433609 ns5:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 08433609 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 08433609 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 08433609 ns5:CurrentFinancialInstruments 2025-12-31 08433609 ns5:CurrentFinancialInstruments 2024-12-31 08433609 ns5:ShareCapital 2025-12-31 08433609 ns5:ShareCapital 2024-12-31 08433609 ns5:NetGoodwill 2025-01-01 2025-12-31 08433609 ns5:IntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 08433609 ns5:OwnedOrFreeholdAssets ns5:LandBuildings 2025-01-01 2025-12-31 08433609 ns5:PlantMachinery 2025-01-01 2025-12-31 08433609 ns5:MotorVehicles 2025-01-01 2025-12-31 08433609 ns5:OwnedAssets 2025-01-01 2025-12-31 08433609 ns5:OwnedAssets 2024-01-01 2024-12-31 08433609 ns5:NetGoodwill 2024-01-01 2024-12-31 08433609 ns5:NetGoodwill 2024-12-31 08433609 ns5:NetGoodwill 2025-12-31 08433609 ns5:NetGoodwill 2024-12-31 08433609 ns5:LandBuildings 2024-12-31 08433609 ns5:ShortLeaseholdAssets ns5:LandBuildings 2024-12-31 08433609 ns5:PlantMachinery 2024-12-31 08433609 ns5:LandBuildings 2025-01-01 2025-12-31 08433609 ns5:ShortLeaseholdAssets ns5:LandBuildings 2025-01-01 2025-12-31 08433609 ns5:LandBuildings 2025-12-31 08433609 ns5:ShortLeaseholdAssets ns5:LandBuildings 2025-12-31 08433609 ns5:PlantMachinery 2025-12-31 08433609 ns5:LandBuildings 2024-12-31 08433609 ns5:ShortLeaseholdAssets ns5:LandBuildings 2024-12-31 08433609 ns5:PlantMachinery 2024-12-31 08433609 ns5:FurnitureFittings 2024-12-31 08433609 ns5:MotorVehicles 2024-12-31 08433609 ns5:ComputerEquipment 2024-12-31 08433609 ns5:FurnitureFittings 2025-01-01 2025-12-31 08433609 ns5:ComputerEquipment 2025-01-01 2025-12-31 08433609 ns5:FurnitureFittings 2025-12-31 08433609 ns5:MotorVehicles 2025-12-31 08433609 ns5:ComputerEquipment 2025-12-31 08433609 ns5:FurnitureFittings 2024-12-31 08433609 ns5:MotorVehicles 2024-12-31 08433609 ns5:ComputerEquipment 2024-12-31 08433609 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 08433609 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31

REGISTERED NUMBER: 08433609 (England and Wales)

| REPORT OF THE DIRECTORS AND |

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2025 |

| FOR |

| LYMN BANK FARM LIMITED |

| LYMN BANK FARM LIMITED (REGISTERED NUMBER: 08433609) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

| Company Information | 1 |

| Report of the Directors | 2 |

| Report of the Independent Auditors | 4 |

| Statement of Income and Retained Earnings | 7 |

| Statement of Financial Position | 8 |

| Notes to the Financial Statements | 9 |

| LYMN BANK FARM LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | Mrs G L Sisson

| M D Grinstead

| M J Heler

| G Heler

| R W Lucas

| REGISTERED OFFICE: | Lymn Bank Farmhouse

| Lymn Bank East

| Thorpe St Peter

| Skegness

| Lincolnshire

| PE24 4PJ

| REGISTERED NUMBER: | 08433609 (England and Wales)

| AUDITORS: | WP Audit Services LLP

| 31 Wellington Road

| Nantwich

| Cheshire

| CW5 7ED

| LYMN BANK FARM LIMITED (REGISTERED NUMBER: 08433609) |

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 DECEMBER 2025

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of cheese production.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

Mrs G L Sisson

M D Grinstead

M J Heler

G Heler

R W Lucas

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), 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 of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

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

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

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

AUDITORS

The auditors, WP Audit Services LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

| LYMN BANK FARM LIMITED (REGISTERED NUMBER: 08433609) |

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 DECEMBER 2025

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mrs G L Sisson - Director

10 August 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

LYMN BANK FARM LIMITED

Opinion

We have audited the financial statements of Lymn Bank Farm Limited (the 'company') for the year ended 31 December 2025 which comprise the statement of income and retained earnings, the balance sheet and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

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

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

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

- the directors' report has been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

LYMN BANK FARM LIMITED

Matters on which we are required to report by exception

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

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

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

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

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

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

- | the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors

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

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue 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.

Extent to which the audit was considered capable of detecting irregularities, including fraud

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.

Our procedures are developed based on risks identified from our knowledge of the entity, its environment, the significant laws and regulations governing its activities and of the related parties and service organisations connected with it. We also consider how the systems and controls the entity has put in place over its activities might mitigate risks identified.

Audit response to risks identified

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we undertook procedures which included, but were not limited to:

- Enquiry of management, those charged with governance around actual and potential litigation and claims.

- Reviewing minutes of meetings of those charged with governance.

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

- Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness.

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

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

LYMN BANK FARM LIMITED

Use of our report

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

Paul Edwards FCCA CTA (Senior Statutory Auditor)

for and on behalf of WP Audit Services LLP

31 Wellington Road

Nantwich

Cheshire

CW5 7ED

10 August 2026

| LYMN BANK FARM LIMITED (REGISTERED NUMBER: 08433609) |

STATEMENT OF INCOME AND

RETAINED EARNINGS

FOR THE YEAR ENDED 31 DECEMBER 2025

| 31.12.25 |  | 31.12.24

| Notes | £ | £ |

TURNOVER | 12,158,446 |  | 9,554,400 |  |

Cost of sales | 9,171,280 |  | 6,854,081 |  |

GROSS PROFIT | 2,987,166 |  | 2,700,319 |  |

Administrative expenses | 1,388,275 |  | 1,314,324 |  |

OPERATING PROFIT | 5 | 1,598,891 |  | 1,385,995 |  |

Interest receivable and similar income | 125,999 |  | 28,683 |  |

PROFIT BEFORE TAXATION | 1,724,890 |  | 1,414,678 |  |

Tax on profit | 446,346 |  | 397,081 |  |

PROFIT FOR THE FINANCIAL YEAR | 1,278,544 |  | 1,017,597 |  |

Retained earnings at beginning of year | 3,786,215 |  | 3,920,297 |  |

Dividends | (375,000 | ) | (1,151,679 | ) |

RETAINED EARNINGS AT END OF YEAR | 4,689,759 |  | 3,786,215 |  |

| LYMN BANK FARM LIMITED (REGISTERED NUMBER: 08433609) |

STATEMENT OF FINANCIAL POSITION

31 DECEMBER 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 6 | 19,167 |  | 29,167 |  |

Tangible assets | 7 | 1,755,662 |  | 1,382,609 |  |

1,774,829 |  | 1,411,776 |  |

CURRENT ASSETS

Stocks | 1,255,091 |  | 643,947 |  |

Debtors | 8 | 5,538,720 |  | 3,023,181 |  |

Cash at bank and in hand | 980,469 |  | 965,802 |  |

7,774,280 |  | 4,632,930 |  |

CREDITORS

Amounts falling due within one year | 9 | 4,579,655 |  | 2,092,088 |  |

NET CURRENT ASSETS | 3,194,625 |  | 2,540,842 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,969,454 |  | 3,952,618 |  |

PROVISIONS FOR LIABILITIES | 279,595 |  | 166,303 |  |

NET ASSETS | 4,689,859 |  | 3,786,315 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 4,689,759 |  | 3,786,215 |  |

SHAREHOLDERS' FUNDS | 4,689,859 |  | 3,786,315 |  |

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

The financial statements were approved by the Board of Directors and authorised for issue on 10 August 2026 and were signed on its behalf by:

Mrs G L Sisson - Director

| LYMN BANK FARM LIMITED (REGISTERED NUMBER: 08433609) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Lymn Bank Farm 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 presentation currency of the financial statements is the Pound Sterling (£).

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| 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 is represented by the following:

| - |  | the amount paid in connection with the acquisition of a business in 2013, has now been fully amortised evenly over its estimated useful life of five years; |  |

| - |  | an additional amount paid, in connection with the acquisition of a business, in 2022, which is being amortised evenly over its estimated useful life of five 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

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | 10% on reducing balance

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

| Motor vehicles | - | 25% on reducing balance

| Stocks

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

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

| LYMN BANK FARM LIMITED (REGISTERED NUMBER: 08433609) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

3. | ACCOUNTING POLICIES - continued

| 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. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 48 (2024 - 49 ) .

5. | OPERATING PROFIT

| The operating profit is stated after charging:

| 31.12.25 |  | 31.12.24

£ | £ |

| Depreciation - owned assets | 228,072 |  | 178,094 |  |

| Goodwill amortisation | 10,000 |  | 10,000 |  |

6. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 155,000 |  |

| AMORTISATION

| At 1 January 2025 | 125,833 |  |

| Amortisation for year | 10,000 |  |

| At 31 December 2025 | 135,833 |  |

| NET BOOK VALUE

| At 31 December 2025 | 19,167 |  |

| At 31 December 2024 | 29,167 |  |

| LYMN BANK FARM LIMITED (REGISTERED NUMBER: 08433609) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

7. | TANGIBLE FIXED ASSETS

| Freehold |  | Short |  | Plant and

| property |  | leasehold |  | machinery

£ | £ | £ |

| COST

| At 1 January 2025 | 690,824 |  | 9,888 |  | 1,573,563 |  |

| Additions | 14,073 |  | - |  | 572,865 |  |

| At 31 December 2025 | 704,897 |  | 9,888 |  | 2,146,428 |  |

| DEPRECIATION

| At 1 January 2025 | 204,160 |  | 989 |  | 709,337 |  |

| Charge for year | 53,495 |  | 890 |  | 167,503 |  |

| At 31 December 2025 | 257,655 |  | 1,879 |  | 876,840 |  |

| NET BOOK VALUE

| At 31 December 2025 | 447,242 |  | 8,009 |  | 1,269,588 |  |

| At 31 December 2024 | 486,664 |  | 8,899 |  | 864,226 |  |

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 January 2025 | 13,031 |  | 15,975 |  | 9,347 |  | 2,312,628 |  |

| Additions | 8,923 |  | - |  | 5,264 |  | 601,125 |  |

| At 31 December 2025 | 21,954 |  | 15,975 |  | 14,611 |  | 2,913,753 |  |

| DEPRECIATION

| At 1 January 2025 | 2,277 |  | 10,774 |  | 2,482 |  | 930,019 |  |

| Charge for year | 2,548 |  | 1,300 |  | 2,336 |  | 228,072 |  |

| At 31 December 2025 | 4,825 |  | 12,074 |  | 4,818 |  | 1,158,091 |  |

| NET BOOK VALUE

| At 31 December 2025 | 17,129 |  | 3,901 |  | 9,793 |  | 1,755,662 |  |

| At 31 December 2024 | 10,754 |  | 5,201 |  | 6,865 |  | 1,382,609 |  |

| LYMN BANK FARM LIMITED (REGISTERED NUMBER: 08433609) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade debtors | 3,954,261 |  | 1,481,613 |  |

| Amounts owed by group undertakings | 1,420,327 |  | 1,438,327 |  |

| Other debtors | - |  | 3,025 |  |

| VAT | 164,132 |  | 97,164 |  |

| Prepayments | - |  | 3,052 |  |

5,538,720 |  | 3,023,181 |  |

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

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade creditors | 3,662,136 |  | 1,723,308 |  |

| Tax | 332,950 |  | 284,797 |  |

| Social security and other taxes | 4,512 |  | 4,512 |  |

| Accrued expenses | 580,057 |  | 79,471 |  |

4,579,655 |  | 2,092,088 |  |

10. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is MGH Corporation Limited.