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REGISTERED NUMBER: 07414022 (England and Wales)

FARRALLS & FAGAN & WHALLEY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FARRALLS & FAGAN & WHALLEY LIMITED (REGISTERED NUMBER: 07414022)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

FARRALLS & FAGAN & WHALLEY LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | M Farrall

| Mrs K A Farrall

| D Fagan

| S T Fagan

| SECRETARY: | Mrs K A Farrall

| REGISTERED OFFICE: | c/o Edwin C Farrall (Transport) Limited

| Ashton Lane

| Ashton

| Chester

| CH3 8AA

| REGISTERED NUMBER: | 07414022 (England and Wales)

| AUDITORS: | Murray Smith LLP

| Chartered Accountants

| Statutory Auditors

| Darland House

| 44 Winnington Hill

| Northwich

| Cheshire

| CW8 1AU

FARRALLS & FAGAN & WHALLEY LIMITED (REGISTERED NUMBER: 07414022)

BALANCE SHEET

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 2,822 |  | 3,693 |  |

CURRENT ASSETS

Debtors | 5 | 1,606,049 |  | 1,101,581 |  |

Cash at bank | 736,108 |  | 1,045,131 |  |

2,342,157 |  | 2,146,712 |  |

CREDITORS

Amounts falling due within one year | 6 | 2,069,992 |  | 1,878,754 |  |

NET CURRENT ASSETS | 272,165 |  | 267,958 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 274,987 |  | 271,651 |  |

PROVISIONS FOR LIABILITIES | - |  | 29 |  |

NET ASSETS | 274,987 |  | 271,622 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 2 |  | 2 |  |

Profit and loss account | 274,985 |  | 271,620 |  |

SHAREHOLDERS' FUNDS | 274,987 |  | 271,622 |  |

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 18 August 2026 and were signed on its behalf by:

Mrs K A Farrall - Director

D Fagan - Director

FARRALLS & FAGAN & WHALLEY LIMITED (REGISTERED NUMBER: 07414022)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Farralls & Fagan & Whalley 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

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

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

| Tangible fixed assets

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

| Fixtures and fittings | - | 20% on cost

| Computer equipment | - | 25% on reducing balance

| Financial instruments

| Basic financial assets and liabilities are initially recognised at the transaction price unless the arrangement constitutes a financing transaction where the transaction is measured at the present value of the future payments discounted at a market rate of interest.

| Such assets and liabilities are subsequently carried at amortised cost using the effective interest method.

| At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. 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.

| 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 balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

FARRALLS & FAGAN & WHALLEY LIMITED (REGISTERED NUMBER: 07414022)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 15 (2024 - 15 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025

| and 31 December 2025 | 4,405 |  | 22,691 |  | 27,096 |  |

| DEPRECIATION

| At 1 January 2025 | 3,358 |  | 20,045 |  | 23,403 |  |

| Charge for year | 209 |  | 662 |  | 871 |  |

| At 31 December 2025 | 3,567 |  | 20,707 |  | 24,274 |  |

| NET BOOK VALUE

| At 31 December 2025 | 838 |  | 1,984 |  | 2,822 |  |

| At 31 December 2024 | 1,047 |  | 2,646 |  | 3,693 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 911,379 |  | 851,442 |  |

| Amounts owed by related undertakings | 672,133 |  | 192,602 |  |

| Corporation tax | - |  | 15,724 |  |

| Prepayments and accrued income | 22,537 |  | 41,813 |  |

1,606,049 |  | 1,101,581 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 1,298,862 |  | 1,282,877 |  |

| Amounts owed to related undertakings | 661,437 |  | 517,532 |  |

| Corporation tax | 1,743 |  | - |  |

| Social security and other taxes | 49,149 |  | 41,985 |  |

| Other creditors | 14,295 |  | 7,533 |  |

| Accruals and deferred income | 44,506 |  | 28,827 |  |

2,069,992 |  | 1,878,754 |  |

FARRALLS & FAGAN & WHALLEY LIMITED (REGISTERED NUMBER: 07414022)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

7. | LEASING AGREEMENTS

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

2025 | 2024 |

£ | £ |

| Within one year | 6,559 |  | 6,559 |  |

| Between one and five years | 9,839 |  | 16,398 |  |

16,398 |  | 22,957 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 2 | Ordinary | £1 | 2 |  | 2 |  |

9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Steven Williams (Senior Statutory Auditor)

| for and on behalf of Murray Smith LLP