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REGISTERED NUMBER: 00529392 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2026

for

NL Durdy & Son Limited

NL Durdy & Son Limited (Registered number: 00529392)

Contents of the Financial Statements

for the year ended 28 February 2026

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

NL Durdy & Son Limited

Company Information

for the year ended 28 February 2026

| DIRECTORS: | Mrs E M Durdy

| Mr N L Durdy

| SECRETARY: | Mrs E M Durdy

| REGISTERED OFFICE: | Regent's Court

| Princess Street

| Hull

| East Yorkshire

| HU2 8BA

| REGISTERED NUMBER: | 00529392 (England and Wales)

| ACCOUNTANTS: | Smailes Goldie Limited

| Chartered Accountants

| Regent's Court

| Princess Street

| Hull

| East Yorkshire

| HU2 8BA

| SOLICITORS: | Dawson & Burgess

| 1 South Parade

| Hall Cross Hill

| Doncaster

| DN1 2DY

NL Durdy & Son Limited (Registered number: 00529392)

Balance Sheet

28 February 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 2,873,659 |  | 2,838,846 |  |

CURRENT ASSETS

Stocks | 297,319 |  | 511,575 |  |

Debtors | 5 | 360,611 |  | 148,487 |  |

Cash at bank | 48,250 |  | 15,025 |  |

706,180 |  | 675,087 |  |

CREDITORS

Amounts falling due within one year | 6 | 963,060 |  | 908,891 |  |

NET CURRENT LIABILITIES | (256,880 | ) | (233,804 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,616,779 |  | 2,605,042 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (822,609 | ) | (841,516 | ) |

PROVISIONS FOR LIABILITIES | (234,420 | ) | (217,941 | ) |

NET ASSETS | 1,559,750 |  | 1,545,585 |  |

CAPITAL AND RESERVES

Called up share capital | 16,000 |  | 16,000 |  |

Revaluation reserve | 10 | 365,001 |  | 365,001 |  |

Retained earnings | 1,178,749 |  | 1,164,584 |  |

1,559,750 |  | 1,545,585 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 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 31 July 2026 and were signed on its behalf by:

Mr N L Durdy - Director

NL Durdy & Son Limited (Registered number: 00529392)

Notes to the Financial Statements

for the year ended 28 February 2026

1. | STATUTORY INFORMATION

| NL Durdy & Son 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.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared in accordance with applicable accounting standards including Section 1A of Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) 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 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.

| Turnover

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

| Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| Intangible fixed assets

| Sugar beet quota, being the amount paid for an increase in the available sugar beet quota in 2007 was amortised evenly over its estimated useful life of five years from 2008.

| Basic Payment Scheme entitlements are initially recognised at cost and are amortised on a straight line basis over their expected useful life. At the reporting date, the entitlements have been amortised in full. The original Basic payment Scheme commenced in 2015 and ceased during 2021 prior to transitional rules applying.

| Provision is made for any impairment.

| Tangible fixed assets

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

| Depreciation

| Depreciation of fixed assets is charged by annual instalments commencing with the year of acquisition at rates estimated to write off their cost less any residual value over the expected useful lives.

| The annual rates used are as follows:

| Freehold land |  | Nil |  |

| Land and buildings |  | 4% on cost, 5% on cost, 10% on cost |  |

| Motor vehicles |  | 25% reducing balance |  |

| Plant and machinery |  | 15% - 25% reducing balance, 10% - 25% on cost |  |

| Stocks

| Stocks, including biological assets, are stated at the lower of cost and net realisable value. Cost is determined using the first-in, first-out (FIFO) method and represents costs incurred to date to bring growing crops and finished produce to its current state. Net realisable value is estimated selling price in the ordinary course of business, less applicable variable selling expenses.

NL Durdy & Son Limited (Registered number: 00529392)

Notes to the Financial Statements - continued

for the year ended 28 February 2026

2. | ACCOUNTING POLICIES - continued

| Current & deferred tax

| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current and 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 and 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

| Hire purchase and leasing commitments

| Tangible fixed assets acquired under hire purchase agreements are capitalised at the estimated fair value at the date of inception of each contract. The finance charges are allocated over the period of the contract in accordance with the effective interest rate method.

| 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.

| 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.

| 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.

| 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.

| 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.

| Government grants

| The company receives government grants in respect of the Basic Payment Scheme, Countryside Stewardship Scheme and Sustainable Farming Incentive under the Common Agricultural Policy. The Basic Payment Scheme is being gradually phased out with payments stopping by the end of the scheme in 2027. These grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the performance model.

| Government grants received in respect of fixed assets are released to the profit and loss account in equal annual amounts over the estimated useful economic lives of the specific asset they relate to.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 25 (2025 - 21 ) .

NL Durdy & Son Limited (Registered number: 00529392)

Notes to the Financial Statements - continued

for the year ended 28 February 2026

4. | TANGIBLE FIXED ASSETS

| Improvements

| Farm |  | to

| Land |  | buildings |  | property

£ | £ | £ |

| COST

| At 1 March 2025 | 1,567,527 |  | 1,169,471 |  | 52,034 |  |

| Additions | - |  | - |  | - |  |

| Disposals | - |  | - |  | - |  |

| At 28 February 2026 | 1,567,527 |  | 1,169,471 |  | 52,034 |  |

| DEPRECIATION

| At 1 March 2025 | - |  | 568,114 |  | 19,072 |  |

| Charge for year | - |  | 49,832 |  | 2,082 |  |

| Eliminated on disposal | - |  | - |  | - |  |

| At 28 February 2026 | - |  | 617,946 |  | 21,154 |  |

| NET BOOK VALUE

| At 28 February 2026 | 1,567,527 |  | 551,525 |  | 30,880 |  |

| At 28 February 2025 | 1,567,527 |  | 601,357 |  | 32,962 |  |

| Fixtures |

| Plant and |  | and |  | Motor |

| machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 1 March 2025 | 2,193,917 |  | 200,410 |  | 139,577 |  | 5,322,936 |  |

| Additions | 238,350 |  | 43,178 |  | - |  | 281,528 |  |

| Disposals | (212,200 | ) | - |  | - |  | (212,200 | ) |

| At 28 February 2026 | 2,220,067 |  | 243,588 |  | 139,577 |  | 5,392,264 |  |

| DEPRECIATION

| At 1 March 2025 | 1,695,042 |  | 92,112 |  | 109,750 |  | 2,484,090 |  |

| Charge for year | 134,972 |  | 29,368 |  | 7,457 |  | 223,711 |  |

| Eliminated on disposal | (189,196 | ) | - |  | - |  | (189,196 | ) |

| At 28 February 2026 | 1,640,818 |  | 121,480 |  | 117,207 |  | 2,518,605 |  |

| NET BOOK VALUE

| At 28 February 2026 | 579,249 |  | 122,108 |  | 22,370 |  | 2,873,659 |  |

| At 28 February 2025 | 498,875 |  | 108,298 |  | 29,827 |  | 2,838,846 |  |

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

2026 | 2025 |

£ | £ |

| Trade debtors | 262,735 |  | 133,262 |  |

| Other debtors | 8,877 |  | 1,304 |  |

| Directors' current accounts | 73,355 |  | - |  |

| Prepayments and accrued income | 15,644 |  | 13,921 |  |

360,611 |  | 148,487 |  |

NL Durdy & Son Limited (Registered number: 00529392)

Notes to the Financial Statements - continued

for the year ended 28 February 2026

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

2026 | 2025 |

£ | £ |

| Bank loans and overdrafts | 586,318 |  | 509,069 |  |

| Hire purchase contracts (see note 8) | 140,743 |  | 105,339 |  |

| Trade creditors | 106,884 |  | 164,353 |  |

| Tax | 19,345 |  | 35,512 |  |

| Directors' current accounts | 3,530 |  | 28,937 |  |

| Accruals and deferred income | 106,240 |  | 65,681 |  |

963,060 |  | 908,891 |  |

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

2026 | 2025 |

£ | £ |

| Bank loans - 1-2 years | 32,956 |  | 31,055 |  |

| Bank loans - 2-5 years | 633,209 |  | 662,635 |  |

| Hire purchase contracts (see note 8) | 156,444 |  | 147,826 |  |

822,609 |  | 841,516 |  |

8. | LEASING AGREEMENTS

| Minimum lease payments under hire purchase fall due as follows:

2026 | 2025 |

£ | £ |

| Net obligations repayable:

| Within one year | 140,743 |  | 105,339 |  |

| Between one and five years | 156,444 |  | 147,826 |  |

297,187 |  | 253,165 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2026 | 2025 |

£ | £ |

| Bank overdrafts | 554,841 |  | 477,150 |  |

| Bank loans | 697,642 |  | 725,609 |  |

| Hire purchase contracts | 297,187 |  | 253,165 |  |

1,549,670 |  | 1,455,924 |  |

| The bank loans and overdraft are secured by means of fixed and floating charges over the assets and undertaking of the company. The hire purchase contracts are secured over the assets subject to the hire purchase agreement.

10. | RESERVES

| Revaluation

| reserve

£ |

| At 1 March 2025

| and 28 February 2026 | 365,001 |  |

NL Durdy & Son Limited (Registered number: 00529392)

Notes to the Financial Statements - continued

for the year ended 28 February 2026

11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 28 February 2026 and 28 February 2025:

2026 | 2025 |

£ | £ |

| Mr N L Durdy

| Balance outstanding at start of year | - |  | (34,011 | ) |

| Amounts advanced | 165,423 |  | 128,377 |  |

| Amounts repaid | (92,068 | ) | (94,366 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 73,355 |  | - |  |

| Mrs E M Durdy

| Balance outstanding at start of year | (28,937 | ) | (59,840 | ) |

| Amounts advanced | 39,258 |  | 67,949 |  |

| Amounts repaid | (13,851 | ) | (37,046 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (3,530 | ) | (28,937 | ) |

| During the year the company conducted the following transactions on normal commercial terms with the directors.

| Rent of land payable to N.L. Durdy and E.M. Durdy £133,101 (2025 £133,101).

12. | RELATED PARTY DISCLOSURES

| The company has given security in the form of a guarantee, and also a legal debenture over the assets and undertaking of the company, in connection with personal bank loans advanced to the directors of the company; all costs relating to the these transactions have been met by the directors personally.

| The company conducted transactions during the year with the directors as detailed in Note 12.

| During the year the company also made sales of £1,425 and purchases of £2,538 to a close family member of N.L. Durdy and E.M. Durdy.

| Additionally, the company made sales to a company in which a close family member of N.L. Durdy and E.M. Durdy has a controlling interest.

| These goods were sold and purchased on an arm's length basis.

| At the year end £4,805 was owed to the company and £2,538 was owed by the company

| The controlling party is Mr N L Durdy.