Company Registration No. 10837633 (England and Wales)
SOMERS HILLS LIMITED
CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
28 FEBRUARY 2026
PAGES FOR FILING WITH REGISTRAR
SOMERS HILLS LIMITED
CONTENTS
Page
Company information
Group and company balance sheets
1 - 2
Group statement of changes in equity
3
Company statement of changes in equity
4
Notes to the financial statements
5 - 16
SOMERS HILLS LIMITED
GROUP AND COMPANY BALANCE SHEETS
AS AT
28 FEBRUARY 2026
28 February 2026
28 February 2026
- 1 -
Group
Company
2026
2025
2026
2025
Notes
£
£
£
£
Fixed assets
Intangible assets
4
317,778
518,574
-
-
Tangible assets
5
318,808
261,719
-
0
-
0
Investments
6
100
-
0
4,591,553
4,591,553
636,686
780,293
4,591,553
4,591,553
Current assets
Stocks
264,898
206,160
-
-
Debtors
8
2,134,439
2,099,440
2,256
2,256
Cash at bank and in hand
1,333,955
1,671,967
-
0
-
0
3,733,292
3,977,567
2,256
2,256
Creditors: amounts falling due within one year
9
(2,877,745)
(3,226,891)
(2,277,221)
(2,487,218)
Net current assets/(liabilities)
855,547
750,676
(2,274,965)
(2,484,962)
Total assets less current liabilities
1,492,233
1,530,969
2,316,588
2,106,591
Creditors: amounts falling due after more than one year
10
(277,451)
(428,864)
-
-
Provisions for liabilities
(39,894)
(7,946)
-
-
Net assets
1,174,888
1,094,159
2,316,588
2,106,591
Capital and reserves
Called up share capital
12
135,072
150,080
135,072
150,080
Capital redemption reserve
79,328
64,320
79,328
64,320
Profit and loss reserves
960,488
879,759
2,102,188
1,892,191
Total equity
1,174,888
1,094,159
2,316,588
2,106,591
SOMERS HILLS LIMITED
GROUP AND COMPANY BALANCE SHEETS (CONTINUED)
AS AT
28 FEBRUARY 2026
28 February 2026
28 February 2026
- 2 -

T he directors of the group have elected not to include a copy of the profit and loss account within the financial statements.

For the financial year ended 28 February 2026 the group was entitled to exemption from audit under section 477 of the Companies Act 2006.

Directors' responsibilities under the Companies Act 2006:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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

As permitted by s408 Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s profit for the year was £419,997 (2025 - £606,143 profit).

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered 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 30 July 2026 and are signed on its behalf by:
30 July 2026
Mr S C Merritt
Mrs M James
Director
Director
Company registration number 10837633 (England and Wales)
SOMERS HILLS LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 3 -
Share capital
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 March 2024
214,400
-
0
1,132,463
1,346,863
Year ended 28 February 2025:
Profit and total comprehensive income
-
-
551,296
551,296
Own shares acquired
-
-
(804,000)
(804,000)
Redemption of shares
12
(64,320)
64,320
-
-
0
Balance at 28 February 2025
150,080
64,320
879,759
1,094,159
Year ended 28 February 2026:
Profit and total comprehensive income
-
-
290,729
290,729
Own shares acquired
-
-
(210,000)
(210,000)
Redemption of shares
12
(15,008)
15,008
-
-
0
Balance at 28 February 2026
135,072
79,328
960,488
1,174,888
SOMERS HILLS LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 4 -
Share capital
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 March 2024
214,400
-
0
2,090,048
2,304,448
Year ended 28 February 2025:
Profit and total comprehensive income for the year
-
-
606,143
606,143
Own shares acquired
-
-
(804,000)
(804,000)
Redemption of shares
12
(64,320)
64,320
-
-
0
Balance at 28 February 2025
150,080
64,320
1,892,191
2,106,591
Year ended 28 February 2026:
Profit and total comprehensive income
-
-
419,997
419,997
Own shares acquired
-
-
(210,000)
(210,000)
Redemption of shares
12
(15,008)
15,008
-
-
0
Balance at 28 February 2026
135,072
79,328
2,102,188
2,316,588
SOMERS HILLS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 5 -
1
Accounting policies
Company information

Somers Hills Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is EPP House, 13 Epsom Business Park, Kiln Lane, Epsom, Surrey, KT17 1JF.

The group consists of Somers Hills Limited and all of its subsidiaries.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Business combinations

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

SOMERS HILLS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
1
Accounting policies
(Continued)
- 6 -
1.3
Basis of consolidation

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

All financial statements are made up to 28 February 2026. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

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

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related 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 the 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.

1.5
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is considered to be 10 years.

1.6
Tangible fixed assets

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

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
Over the term of the lease
Plant and equipment
20% straight line
Fixtures and fittings
33% straight line
Computers
33% straight line
Motor vehicles
25% straight line

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

SOMERS HILLS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
1
Accounting policies
(Continued)
- 7 -
1.7
Fixed asset investments

Equity in vest ments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

I n the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.8
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.9
Stocks

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

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.10
Cash and cash equivalents

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

1.11
Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

SOMERS HILLS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
1
Accounting policies
(Continued)
- 8 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest m ethod unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

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

Impairment of financial assets

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

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

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

Derecognition of financial assets

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

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

SOMERS HILLS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
1
Accounting policies
(Continued)
- 9 -
Basic financial liabilities

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

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

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

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

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

Derecognition of financial liabilities

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

1.12
Equity instruments

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

1.13
Taxation

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

Current tax

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

SOMERS HILLS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
1
Accounting policies
(Continued)
- 10 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.14
Employee benefits

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

1.15
Retirement benefits

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

1.16
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

1.17
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

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

Group
Company
2026
2025
2026
2025
Number
Number
Number
Number
Total
21
21
0
0
3
Taxation
2026
2025
£
£
Current tax
UK corporation tax on profits for the current period
155,728
234,295
Adjustments in respect of prior periods
-
0
(94)
Total current tax
155,728
234,201
SOMERS HILLS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
3
Taxation
2026
2025
£
£
(Continued)
- 11 -
Deferred tax
Origination and reversal of timing differences
31,948
14,086
Total tax charge
187,676
248,287
4
Intangible fixed assets
Group
Goodwill
£
Cost
At 1 March 2025 and 28 February 2026
1,985,852
Amortisation and impairment
At 1 March 2025
1,467,278
Amortisation charged for the year
200,796
At 28 February 2026
1,668,074
Carrying amount
At 28 February 2026
317,778
At 28 February 2025
518,574
The company had no intangible fixed assets at 28 February 2026 or 28 February 2025.
SOMERS HILLS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 12 -
5
Tangible fixed assets
Group
Leasehold improvements
Assets under construction
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
£
Cost
At 1 March 2025
-
0
253,183
7,100
90,704
63,039
-
0
414,026
Additions
-
0
-
0
-
0
15,680
8,309
73,415
97,404
Transfers
239,789
(253,183)
-
0
13,394
-
0
-
0
-
0
At 28 February 2026
239,789
-
0
7,100
119,778
71,348
73,415
511,430
Depreciation and impairment
At 1 March 2025
-
0
-
0
4,852
90,704
56,751
-
0
152,307
Depreciation charged in the year
23,979
-
0
1,420
9,691
3,508
1,717
40,315
At 28 February 2026
23,979
-
0
6,272
100,395
60,259
1,717
192,622
Carrying amount
At 28 February 2026
215,810
-
0
828
19,383
11,089
71,698
318,808
At 28 February 2025
-
0
253,183
2,248
-
0
6,288
-
0
261,719
The company had no tangible fixed assets at 28 February 2026 or 28 February 2025.
SOMERS HILLS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 13 -
6
Fixed asset investments
Group
Company
2026
2025
2026
2025
£
£
£
£
Shares in group undertakings and participating interests
-
-
4,591,553
4,591,553
Other investments other than loans
100
-
-
-
Movements in fixed asset investments
Group
Investments
£
Cost or valuation
At 1 March 2025
-
Additions
100
At 28 February 2026
100
Carrying amount
At 28 February 2026
100
At 28 February 2025
-
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 March 2025 and 28 February 2026
4,591,553
Carrying amount
At 28 February 2026
4,591,553
At 28 February 2025
4,591,553
7
Subsidiaries

Details of the company's subsidiaries at 28 February 2026 are as follows:

SOMERS HILLS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
7
Subsidiaries
(Continued)
- 14 -
Name of undertaking
Address
Class of
% Held
shares held
Direct
Indirect
Chesswood Limited
1
Ordinary
100.00
-
Somers Hills (EPP Ireland) Limited
2
Ordinary
100.00
-
European Process Plant Limited
1
Ordinary
0
100.00

Registered office addresses:

1
EPP House, 13 Epsom Business Park, Kiln Lane, Epsom, Surrey, England, KT17 1JF
2
1 Castlewood Avenue, Rathmines, Dublin 6, Ireland, D06 H685
8
Debtors
Group
Company
2026
2025
2026
2025
Amounts falling due within one year:
£
£
£
£
Trade debtors
734,771
1,130,879
-
0
-
0
Other debtors
1,157,088
822,457
2,256
2,256
Prepayments and accrued income
242,580
146,104
-
0
-
0
2,134,439
2,099,440
2,256
2,256
9
Creditors: amounts falling due within one year
Group
Company
2026
2025
2026
2025
£
£
£
£
Bank loans
11
151,414
138,947
-
0
-
0
Trade creditors
611,841
889,918
-
0
-
0
Amounts owed to group undertakings
-
0
-
0
2,277,221
2,487,217
Corporation tax payable
40,731
231,917
-
0
-
0
Other taxation and social security
440,428
482,740
-
0
-
0
Other creditors
1,557,435
1,243,918
-
0
1
Accruals and deferred income
75,896
239,451
-
0
-
0
2,877,745
3,226,891
2,277,221
2,487,218

Amounts owed to group undertakings are interest free and repayable on demand.

SOMERS HILLS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 15 -
10
Creditors: amounts falling due after more than one year
Group
Company
2026
2025
2026
2025
Notes
£
£
£
£
Bank loans and overdrafts
11
277,451
428,864
-
0
-
0
11
Loans and overdrafts
Group
Company
2026
2025
2026
2025
£
£
£
£
Bank loans
428,865
567,811
-
0
-
0
Payable within one year
151,414
138,947
-
-
Payable after one year
277,451
428,864
-
0
-
0

The long-term bank loan is repayable in monthly instalments over four years, with the final payment due in October, 2028. The loan bears a variable interest rate of 3.5% per annum over the Bank of England Base Rate on the outstanding principal amount of the loan on a monthly basis.

The bank loan is secured by a fixed charge over the total assets of the group by way of cross guarantee.

12
Share capital
Group and company
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordianry shares of £1 each
135,072
150,080
135,072
150,080

On 27 March 2025 the company acquired 15,008 'A' Ordinary £1 Shares, with a nominal value of £15,008 for a cash consideration of £21 0,000, which incur red stamp duty of £1,050. The 15,008 shares were immediately cancelled.

The company had sufficient distributable reserves at the time of the transaction.

SOMERS HILLS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 16 -
13
Operating lease commitments
Lessee

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

Group
Company
2026
2025
2026
2025
£
£
£
£
448,919
565,560
-
-
14
Related party transactions
Transactions with related parties

The company has taken advantage of the exemption under paragraph 33.1A of FRS 102 not to disclose transactions entered into between two or more members of a group where the subsidiary which is party to the transaction is wholly owned by the other party.

Other information

European Process Plant Limited has a long-term loan in which security is placed across all assets of all group companies by way of a cross guarantee. The outstanding liability at the balance sheet date of this loan is £428,864 (2025: £567,811).

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