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REGISTERED NUMBER: 00746473 (England and Wales)

| Strategic Report, |

| Report of the Director and |

| Financial Statements |

| for the Year Ended 31 December 2025 |

| for |

| Ellis Bros (Contractors) Ltd |

| Ellis Bros (Contractors) Ltd (Registered number: 00746473) |

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Director | 3 |

| Report of the Independent Auditors | 4 |

| Income Statement | 6 |

| Other Comprehensive Income | 7 |

| Statement of Financial Position | 8 |

| Statement of Changes in Equity | 9 |

| Statement of Cash Flows | 10 |

| Notes to the Statement of Cash Flows | 11 |

| Notes to the Financial Statements | 12 |

| Ellis Bros (Contractors) Ltd |

Company Information

for the Year Ended 31 December 2025

| DIRECTOR: | I F Ellis

| REGISTERED OFFICE: | 7 Lansdowne Road

| Skegness

| Lincolnshire

| PE25 2DJ

| REGISTERED NUMBER: | 00746473 (England and Wales)

| SENIOR STATUTORY AUDITOR: | James Sewell BA (Hons) FCA CTA

| AUDITORS: | Wright Vigar Limited

| Statutory Auditors

| Chartered Accountants & Business Advisers

| 15 Newland

| Lincoln

| Lincolnshire

| LN1 1XG

| Ellis Bros (Contractors) Ltd (Registered number: 00746473) |

Strategic Report

for the Year Ended 31 December 2025

The director presents his strategic report for the year ended 31 December 2025.

REVIEW OF BUSINESS

The principal activities of the company continue to be that of static and touring caravan parks described as Skegness Water Leisure Park (SWLP), Waterford, St Michael's Park and Greenacres, and of Building Contractors and Property Lettings. The results of the company for the year are as shown in the annexed financial statements and show a pre-tax profit of £71,135 for the year (down 39%), with turnover of £6,185,642 (down 12%), and net assets of £12,517,707 (down 0.01%).

2025 saw an upturn in energy costs, although later in the year, excess VAT costs were re-couped due to the "domestic" nature of the holiday parks but inflationary pressures also persisted. With the William Way development heading towards completion, there was a sharp drop in building materials purchased but with no house completions in 2025, tthere were no sales, which in the previous year represented £545,000 in building sales, explaining much of the drop in this income stream. The final four houses will appear in the 2026 accounts, as these were completed in the Jan-March 2026 period but two houses were retained by the company for rental purposes.

There was a small drop in total caravan sales income and commission (12%) but a 50% increase in sales costs as more stock was bought. The much expected increase in rates on the Parks materialised as the post-covid reliefs were phased out.

The year reflected the ongoing "cost of living crisis", with UK families still struggling to balance their personal budgets, which resulted in the industry wide drop-off in caravan sales.

There was a slight increase in caravan site trading income of 4% to £1,315,150. This was helped by the unusual pattern of a dry summer, which was also conducive to camping and touring.

PRINCIPAL RISKS AND UNCERTAINTIES

The weather was unusually helpful but one of the strengths of the Lincolnshire coast is its' appeal to families looking for budget holiday options and unfortunately, during the cost of living crisis, those families are the worst hit in terms of spare cash, which is why the level of casual trade doesn't reflect the perfect holiday weather in 2025.

As in previous times of economic uncertainty, Skegness is expected to remain busy but the fiscal drag holding back the UK property and business sectors always affects caravan sales and this key source of major income as predicted, continued to remain sluggish in 2025. Sound financial management is therefore still seen as a pre-requisite of business

survival, especially in a climate where UK Government policy often seems to fail to understand the pressures on businesses when facing low growth prospects.

SUMMARY

In summary the Directors and Management of the Company are extremely pleased with the trading results for the year and remain positive about the ability of the company to continue to grow and expand.

ON BEHALF OF THE BOARD:

I F Ellis - Director

11 August 2026

| Ellis Bros (Contractors) Ltd (Registered number: 00746473) |

Report of the Director

for the Year Ended 31 December 2025

The director presents his report with the financial statements of the company for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activities of the company continue to be that of static and touring caravan parks described as Skegness Water Leisure Park (SWLP) and Greenacres, and of Building Contractors and Property Lettings.

DIVIDENDS

There are no declared dividends for the year ended 31 December 2025 (2024: £nil).

DIRECTOR

I F Ellis held office during the whole of the period from 1 January 2025 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is 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 director is 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 director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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 director is 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 he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

I F Ellis - Director

11 August 2026

Report of the Independent Auditors to the Members of

Ellis Bros (Contractors) Ltd

Opinion

We have audited the financial statements of Ellis Bros (Contractors) Ltd (the 'company') for the year ended 31 December 2025 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, 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 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 loss 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 Auditors' 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 director's 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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 the audit:

- | the information given in the Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

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 Strategic Report or the Report of the Director.

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 director's remuneration specified by law are not made; or

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

Report of the Independent Auditors to the Members of

Ellis Bros (Contractors) Ltd

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is 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 director determines 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 director is 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 director either intends to liquidate the company or to cease operations, or has 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 a Report of the Auditors 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:

Our work is performed to include an assessment of the susceptibility of the entity's financial statements to material misstatement, including the risk of fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

In identifying and assessing risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

- |  | We plan our work to gain an understanding of the significant laws and regulations that are of significance to the entity and the sector in which they operate. We perform our work to ensure that the entity is complying with its legal and regulatory framework. |

- |  | We obtained an understanding of how the company is complying with those legal and regulatory frameworks by making inquiries to the management and people charged with governance. |

We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included:

- |  | Substantive procedures performed in accordance with the ISAs (UK). |

- |  | Challenging assumptions and judgments made by management in its significant accounting estimates. |

- |  | Identifying and testing journal entries, in particular material journal entries and an assessment of year end journals. |

- |  | Assessing the extent of compliance with the relevant laws and regulations. |

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.

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.

James Sewell BA (Hons) FCA CTA (Senior Statutory Auditor)

for and on behalf of Wright Vigar Limited

Statutory Auditors

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

11 August 2026

| Ellis Bros (Contractors) Ltd (Registered number: 00746473) |

Income Statement

for the Year Ended 31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

REVENUE | 4 | 6,185,642 |  | 7,048,026 |  |

Cost of sales | 4,859,654 |  | 5,769,713 |  |

GROSS PROFIT | 1,325,988 |  | 1,278,313 |  |

Administrative expenses | 1,488,419 |  | 1,360,938 |  |

(162,431 | ) | (82,625 | ) |

Other operating income | 228,218 |  | 205,762 |  |

Gain/(loss) on revaluation of

investment property | 65,000 |  | 10,000 |  |

OPERATING PROFIT | 6 | 130,787 |  | 133,137 |  |

Income from participating interests | - |  | 1,000 |  |

Interest receivable and similar income | 2,069 |  | 16,773 |  |

|  | 2,069 |  |  |  | 17,773 |  |

132,856 |  | 150,910 |  |

Interest payable and similar expenses | 7 | 61,721 |  | 33,820 |  |

PROFIT BEFORE TAXATION | 71,135 |  | 117,090 |  |

Tax on profit | 8 | 93,975 |  | 33,841 |  |

(LOSS)/PROFIT FOR THE FINANCIAL YEAR | (22,840 | ) | 83,249 |  |

| Ellis Bros (Contractors) Ltd (Registered number: 00746473) |

Other Comprehensive Income

for the Year Ended 31 December 2025

| 2025 |  | 2024

| Notes | £ | £ |

(LOSS)/PROFIT FOR THE YEAR | (22,840 | ) | 83,249 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | (22,840 | ) | 83,249 |  |

| Ellis Bros (Contractors) Ltd (Registered number: 00746473) |

Statement of Financial Position

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Property, plant and equipment | 9 | 10,011,140 |  | 10,251,865 |  |

Investments | 10 | 30,150 |  | 30,150 |  |

Investment property | 11 | 2,040,000 |  | 1,975,000 |  |

12,081,290 |  | 12,257,015 |  |

CURRENT ASSETS

Inventories | 12 | 1,037,781 |  | 914,273 |  |

Debtors | 13 | 1,055,959 |  | 967,105 |  |

Cash at bank and in hand | 925,679 |  | 927,163 |  |

3,019,419 |  | 2,808,541 |  |

CREDITORS

Amounts falling due within one year | 14 | 2,034,467 |  | 1,843,063 |  |

NET CURRENT ASSETS | 984,952 |  | 965,478 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 13,066,242 |  | 13,222,493 |  |

CREDITORS

Amounts falling due after more than one year | 15 | (193,710 | ) | (382,276 | ) |

PROVISIONS FOR LIABILITIES | 19 | (354,825 | ) | (299,670 | ) |

NET ASSETS | 12,517,707 |  | 12,540,547 |  |

CAPITAL AND RESERVES

Called up share capital | 20 | 4,000 |  | 4,000 |  |

Capital redemption reserve | 21 | 3,225 |  | 3,225 |  |

Fair value reserve | 21 | 351,773 |  | 286,773 |  |

Retained earnings | 21 | 12,158,709 |  | 12,246,549 |  |

SHAREHOLDERS' FUNDS | 12,517,707 |  | 12,540,547 |  |

The financial statements were approved by the director and authorised for issue on 11 August 2026 and were signed by:

I F Ellis - Director

| Ellis Bros (Contractors) Ltd (Registered number: 00746473) |

Statement of Changes in Equity

for the Year Ended 31 December 2025

| Called up |  | Capital |  | Fair |

| share |  | Retained |  | redemption |  | value |  | Total

| capital |  | earnings |  | reserve |  | reserve |  | equity

£ | £ | £ | £ | £ |

Balance at 1 January 2024 | 4,000 |  | 12,170,800 |  | 3,225 |  | 279,273 |  | 12,457,298 |  |

Changes in equity

Total comprehensive income | - |  | 75,749 |  | - |  | 7,500 |  | 83,249 |  |

Balance at 31 December 2024 | 4,000 |  | 12,246,549 |  | 3,225 |  | 286,773 |  | 12,540,547 |  |

Changes in equity

Total comprehensive income | - |  | (87,840 | ) | - |  | 65,000 |  | (22,840 | ) |

Balance at 31 December 2025 | 4,000 |  | 12,158,709 |  | 3,225 |  | 351,773 |  | 12,517,707 |  |

| Ellis Bros (Contractors) Ltd (Registered number: 00746473) |

Statement of Cash Flows

for the Year Ended 31 December 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 1,118,639 |  | 770,192 |  |

Interest paid | (46,961 | ) | (18,322 | ) |

Interest element of hire purchase payments paid | (14,760 | ) | (15,498 | ) |

Tax paid | (626 | ) | (100,470 | ) |

Net cash from operating activities | 1,056,292 |  | 635,902 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (211,464 | ) | (211,091 | ) |

Sale of tangible fixed assets | 74,235 |  | 74,500 |  |

Interest received | 2,069 |  | 16,773 |  |

Dividends received | - |  | 1,000 |  |

Net cash from investing activities | (135,160 | ) | (118,818 | ) |

Cash flows from financing activities

Loan repayments in year | (259,056 | ) | (216,520 | ) |

Capital repayments in year | (113,805 | ) | 25,679 |  |

Amount introduced by directors | - |  | 221,300 |  |

Amount withdrawn by directors | 43,905 |  | (237,255 | ) |

Net cash from financing activities | (328,956 | ) | (206,796 | ) |

Increase in cash and cash equivalents | 592,176 |  | 310,288 |  |

Cash and cash equivalents at beginning of year | 2 | 333,503 |  | 23,215 |  |

Cash and cash equivalents at end of year | 2 | 925,679 |  | 333,503 |  |

| Ellis Bros (Contractors) Ltd (Registered number: 00746473) |

Notes to the Statement of Cash Flows

for the Year Ended 31 December 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 71,135 |  | 117,090 |  |

| Depreciation charges | 406,174 |  | 422,089 |  |

| Profit on disposal of fixed assets | (28,220 | ) | (18,728 | ) |

| Gain on revaluation of fixed assets | (65,000 | ) | (10,000 | ) |

| Finance costs | 61,721 |  | 33,820 |  |

| Finance income | (2,069 | ) | (17,773 | ) |

443,741 |  | 526,498 |  |

| (Increase)/decrease in inventories | (123,508 | ) | 716,285 |  |

| Increase in trade and other debtors | (186,877 | ) | (7,089 | ) |

| Increase/(decrease) in trade and other creditors | 985,283 |  | (465,502 | ) |

| Cash generated from operations | 1,118,639 |  | 770,192 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

| Year ended 31 December 2025

| 31.12.25 |  | 1.1.25

£ | £ |

| Cash and cash equivalents | 925,679 |  | 927,163 |  |

| Bank overdrafts | - |  | (593,660 | ) |

925,679 |  | 333,503 |  |

| Year ended 31 December 2024

| 31.12.24 |  | 1.1.24

£ | £ |

| Cash and cash equivalents | 927,163 |  | 509,674 |  |

| Bank overdrafts | (593,660 | ) | (486,459 | ) |

333,503 |  | 23,215 |  |

3. | ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS

| At 1.1.25 | Cash flow | At 31.12.25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 927,163 |  | (1,484 | ) | 925,679 |  |

| Bank overdrafts | (593,660 | ) | 593,660 |  | - |  |

333,503 |  | 592,176 |  | 925,679 |  |

| Debt

| Finance leases | (252,701 | ) | 113,805 |  | (138,896 | ) |

| Debts falling due within 1 year | (215,800 | ) | 130,600 |  | (85,200 | ) |

| Debts falling due after 1 year | (243,380 | ) | 128,456 |  | (114,924 | ) |

(711,881 | ) | 372,861 |  | (339,020 | ) |

| Total | (378,378 | ) | 965,037 |  | 586,659 |  |

| Ellis Bros (Contractors) Ltd (Registered number: 00746473) |

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Ellis Bros (Contractors) Ltd 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" and the Companies Act 2006. 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" 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 as modified by the revaluation of certain assets.

| Turnover

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

| 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 |  | - |  | 4% on cost |  |

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

| Fixtures and fittings |  | - |  | 15% on reducing balance and 10% on reducing balance |  |

| Motor vehicles |  | - |  | 25% on reducing balance and 25% on cost |  |

| Computer equipment |  | - |  | 10% on reducing balance |  |

| Land is not depreciated.

| All fixed assets are initially recorded at cost.

| A number of freehold properties included within the financial statements have been constructed by the company and therefore the cost is made up of material and labour costs.

| Investments in associates

| Investments in associate undertakings are recognised at cost.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement and fair value reserve.

| Investment property has been included at the directors estimate of market value based on experience and market data available, adjusted through the income statement, and include acquisition costs such as stamp duty and conveyancing costs.

| Ellis Bros (Contractors) Ltd (Registered number: 00746473) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

3. | ACCOUNTING POLICIES - continued

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises purchase price together with any incidental costs of acquisition.

| Provision is made where necessary for obsolete, slow moving, or damaged items.

| Work in progress

| Work in progress comprises costs incurred on building and development projects that are incomplete at the reporting date. Work in progress is stated at the lower of cost and estimated selling price less costs to complete and sell.

| Cost includes land acquisition costs, construction costs, direct labour, subcontractor costs, professional fees, and other directly attributable development expenditure.

| Where the estimated selling price less costs to complete and sell a development is lower than its carrying amount, an appropriate provision is made immediately in the profit and loss account.

| Financial instruments

| The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

| For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

| 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 material 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.

| Pension costs and other post-retirement benefits

| The Company operates a defined money purchase contribution pension scheme on behalf of the directors, Mr F W J Ellis and Mr I F Ellis, and the employees Mr S Ellis-Peech and Miss K Ellis. The scheme funds are administered by trustees and are independent of the company's financial accounts. The costs are accounted for when paid.

| Total contributions in respect of the pension schemes in the year amounted to £nil (2024: £nil).

| Ellis Bros (Contractors) Ltd (Registered number: 00746473) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

4. | REVENUE

| The revenue and profit before taxation are attributable to the one principal activity of the company.

| An analysis of revenue by class of business is given below:

| 2025 |  | 2024

£ | £ |

| Static & touring caravan parks | 4,899,679 |  | 4,721,115 |  |

| Caravan sales and commission | 1,115,244 |  | 1,272,465 |  |

| Buildings sales and work done | 128,813 |  | 1,010,356 |  |

| Agricultural income | 41,906 |  | 44,090 |  |

6,185,642 |  | 7,048,026 |  |

| An analysis of revenue by geographical market is given below:

| 2025 |  | 2024

£ | £ |

| United Kingdom | 6,185,642 |  | 7,048,026 |  |

6,185,642 |  | 7,048,026 |  |

5. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 2,123,795 |  | 2,310,373 |  |

| Social security costs | 278,768 |  | 230,130 |  |

| Other pension costs | 54,736 |  | 58,035 |  |

2,457,299 |  | 2,598,538 |  |

| The average number of employees during the year was as follows:

| 2025 |  | 2024

| Production staff | 72 |  | 75 |  |

| Administrative staff | 16 |  | 17 |  |

| Management staff | 2 |  | 2 |  |

90 |  | 94 |  |

| 2025 |  | 2024

£ | £ |

| Director's remuneration | 222,127 |  | 219,714 |  |

| Director's pension contributions to money purchase schemes | - |  | 1,829 |  |

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | - |  | 1 |  |

| Information regarding the highest paid director is as follows:

| 2025 |  | 2024

£ | £ |

| Emoluments etc | 222,127 |  | 219,714 |  |

| Pension contributions to money purchase schemes | - |  | 1,829 |  |

| Ellis Bros (Contractors) Ltd (Registered number: 00746473) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

6. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 406,174 |  | 422,089 |  |

| Profit on disposal of fixed assets | (28,220 | ) | (18,728 | ) |

| Auditors' remuneration | 19,550 |  | 18,255 |  |

7. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank loan interest | 46,961 |  | 18,322 |  |

| Hire purchase | 14,760 |  | 15,498 |  |

61,721 |  | 33,820 |  |

8. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 38,820 |  | 53,231 |  |

| Deferred tax | 55,155 |  | (19,390 | ) |

| Tax on profit | 93,975 |  | 33,841 |  |

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

| 2025 |  | 2024

£ | £ |

| Profit before tax | 71,135 |  | 117,090 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 24.079% (2024 - 24.764%) | 17,129 |  | 28,996 |  |

| Effects of:

| Expenses not deductible for tax purposes | (457 | ) | 4,099 |  |

| Income not taxable for tax purposes | - |  | (248 | ) |

| Depreciation in excess of capital allowances | 36,286 |  | 22,860 |  |

| Deferred taxation | 55,155 |  | (19,390 | ) |

| Impact of revaluation (gain)/loss | (15,651 | ) | (2,476 | ) |

| Tax overprovision | 1,513 |  | - |  |

| Total tax charge | 93,975 |  | 33,841 |  |

| Ellis Bros (Contractors) Ltd (Registered number: 00746473) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

9. | PROPERTY, PLANT AND EQUIPMENT

| Fixtures

| Land and |  | Plant and |  | and

| Buildings |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 January 2025 | 11,232,266 |  | 1,233,059 |  | 1,220,908 |  |

| Additions | - |  | 29,120 |  | 31,876 |  |

| Disposals | - |  | - |  | (4,100 | ) |

| At 31 December 2025 | 11,232,266 |  | 1,262,179 |  | 1,248,684 |  |

| DEPRECIATION

| At 1 January 2025 | 1,836,565 |  | 882,806 |  | 861,587 |  |

| Charge for year | 230,279 |  | 58,618 |  | 56,659 |  |

| Eliminated on disposal | - |  | - |  | (1,582 | ) |

| At 31 December 2025 | 2,066,844 |  | 941,424 |  | 916,664 |  |

| NET BOOK VALUE

| At 31 December 2025 | 9,165,422 |  | 320,755 |  | 332,020 |  |

| At 31 December 2024 | 9,395,701 |  | 350,253 |  | 359,321 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 563,220 |  | 126,190 |  | 14,375,643 |  |

| Additions | 150,338 |  | 130 |  | 211,464 |  |

| Disposals | (90,055 | ) | - |  | (94,155 | ) |

| At 31 December 2025 | 623,503 |  | 126,320 |  | 14,492,952 |  |

| DEPRECIATION

| At 1 January 2025 | 450,684 |  | 92,136 |  | 4,123,778 |  |

| Charge for year | 56,378 |  | 4,240 |  | 406,174 |  |

| Eliminated on disposal | (46,558 | ) | - |  | (48,140 | ) |

| At 31 December 2025 | 460,504 |  | 96,376 |  | 4,481,812 |  |

| NET BOOK VALUE

| At 31 December 2025 | 162,999 |  | 29,944 |  | 10,011,140 |  |

| At 31 December 2024 | 112,536 |  | 34,054 |  | 10,251,865 |  |

| Included within fixed assets are assets held under hire purchase agreements with a net book value of £127,513 (2024: £188,994). Depreciation charged on these assets in the year amounted to £22,503 (2024: £45,141).

10. | FIXED ASSET INVESTMENTS

| Interest

| in

| associate

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 30,150 |  |

| NET BOOK VALUE

| At 31 December 2025 | 30,150 |  |

| At 31 December 2024 | 30,150 |  |

| Ellis Bros (Contractors) Ltd (Registered number: 00746473) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

10. | FIXED ASSET INVESTMENTS - continued

| The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

| Associated company

| Masteel Limited

| Registered office: 7 Lansdowne Road, Skegness, Lincolnshire, PE25 2DJ

| Nature of business: Property Rental Company

| %

| Class of shares: | holding |

| Equity | 33.00 |

2025 | 2024 |

£ | £ |

| Aggregate capital and reserves | 3,104,762 |  | 3,120,872 |  |

| Profit for the year | 97,177 |  | 100,746 |  |

11. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2025 | 1,975,000 |  |

| Revaluations | 65,000 |  |

| At 31 December 2025 | 2,040,000 |  |

| NET BOOK VALUE

| At 31 December 2025 | 2,040,000 |  |

| At 31 December 2024 | 1,975,000 |  |

| The investment properties were valued by the directors on an open market basis as at 31 December 2025.

| The valuation summary below shows the increase or decrease in valuation in each year with a £65,000 increase in value accounted for in 2025 (2024: £10,000). The fair value of the investment property held at 31 December 2025 being £2,040,000 (2024: £1,975,000).

| Fair value at 31 December 2025 is represented by:

£ |

| Valuation in 2015 | 52,146 |  |

| Valuation in 2016 | (5,000 | ) |

| Valuation in 2017 | (15,000 | ) |

| Valuation in 2018 | 190,000 |  |

| Valuation in 2019 | 135,000 |  |

| Valuation in 2021 | (7,500 | ) |

| Valuation in 2022 | 80,000 |  |

| Valuation in 2023 | (40,000 | ) |

| Valuation in 2024 | 10,000 |  |

| Valuation in 2025 | 65,000 |  |

| Cost | 1,575,354 |  |

2,040,000 |  |

12. | INVENTORIES

2025 | 2024 |

£ | £ |

| Stocks | 537,440 |  | 754,273 |  |

| Work-in-progress | 500,341 |  | 160,000 |  |

1,037,781 |  | 914,273 |  |

| Ellis Bros (Contractors) Ltd (Registered number: 00746473) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

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

2025 | 2024 |

£ | £ |

| Trade debtors | 122,984 |  | 140,869 |  |

| Other debtors | 699,877 |  | 472,678 |  |

| Directors' current accounts | 94,579 |  | 138,484 |  |

| Tax | - |  | 54,118 |  |

| Prepayments | 138,519 |  | 160,956 |  |

1,055,959 |  | 967,105 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 16) | 85,200 |  | 809,460 |  |

| Hire purchase contracts (see note 17) | 60,110 |  | 113,805 |  |

| Trade creditors | 128,742 |  | 194,224 |  |

| Tax | 37,307 |  | 53,231 |  |

| Social security and other taxes | 125,716 |  | 101,323 |  |

| VAT | 182,969 |  | 21,321 |  |

| Other creditors | 1,414,423 |  | 549,699 |  |

2,034,467 |  | 1,843,063 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans (see note 16) | 114,924 |  | 243,380 |  |

| Hire purchase contracts (see note 17) | 78,786 |  | 138,896 |  |

193,710 |  | 382,276 |  |

16. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank overdrafts | - |  | 593,660 |  |

| Bank loans | 85,200 |  | 215,800 |  |

85,200 |  | 809,460 |  |

| Amounts falling due between two and five years:

| Bank loans | 114,924 |  | 243,380 |  |

17. | LEASING AGREEMENTS

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

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 60,110 |  | 113,805 |  |

| Between one and five years | 78,786 |  | 138,896 |  |

138,896 |  | 252,701 |  |

| Ellis Bros (Contractors) Ltd (Registered number: 00746473) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

18. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank overdraft | - |  | 593,660 |  |

| Bank loans | 200,124 |  | 459,180 |  |

200,124 |  | 1,052,840 |  |

| The bank overdraft facility is fully secured as follows:

| A First legal charge over the commercial freehold property known as Skegness Water Leisure Park, Walls Lane, Winthorpe and Ingoldmells Lincolnshire (formally known as Bleak House Farm) dated 25/5/1989.

| An unlimited debenture dated 20/03/2012 incorporating a fixed and floating charge.

19. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 354,825 |  | 299,670 |  |

| Deferred |

| tax |

£ |

| Balance at 1 January 2025 | 299,670 |  |

| Accelerated capital allowances | 38,905 |  |

| Investment property valuation | 16,250 |  |

| Balance at 31 December 2025 | 354,825 |  |

20. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 4,000 | Ordinary | £1 | 4,000 |  | 4,000 |  |

21. | RESERVES

| Capital |  | Fair |

| Retained |  | redemption |  | value |

| earnings |  | reserve |  | reserve |  | Totals

£ | £ | £ | £ |

| At 1 January 2025 | 12,246,549 |  | 3,225 |  | 286,773 |  | 12,536,547 |  |

| Deficit for the year | (22,840 | ) | (22,840 | ) |

| Gain on revaluation of

| investment property | (65,000 | ) | - |  | 65,000 |  | - |  |

| At 31 December 2025 | 12,158,709 |  | 3,225 |  | 351,773 |  | 12,513,707 |  |

| Ellis Bros (Contractors) Ltd (Registered number: 00746473) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

22. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

2025 | 2024 |

£ | £ |

| F W J Ellis

| Balance outstanding at start of year | 138,484 |  | 122,529 |  |

| Amounts advanced | - |  | 237,255 |  |

| Amounts repaid | (43,905 | ) | (221,300 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 94,579 |  | 138,484 |  |

23. | RELATED PARTY DISCLOSURES

| Related parties

|  | 2025 |  |  | 2024 |  |

|  | £ |  |  | £ |  |

| Sales |  | 123,032 |  |  | 951,335 |  |

| Purchases |  | - |  |  | - |  |

| Amounts due from related party |  | 384,282 |  |  | 438,752 |  |

| Amount due to related party |  | - |  |  | - |  |

| During the year, a total of key management personnel compensation of £ 411,541 (2024 - £ 403,473 ) was paid.

24. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is I F Ellis.