REGISTERED NUMBER: 00789102 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 January 2026

for

Bob Alexander Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Statement of Income and Retained Earnings

8

Balance Sheet

9

Notes to the Financial Statements

10

DIRECTORS:

D R Alexander

S P R Alexander

SECRETARY:

D R Alexander

REGISTERED OFFICE:

Chapel Street Garage

Chapel Street

THORNABY

Cleveland

TS17 6BB

REGISTERED NUMBER:

00789102 (England and Wales)

SENIOR STATUTORY AUDITOR:

Martin Hobson BA (Hons) FCCA

AUDITORS:

Clive Owen LLP

Chartered Accountants

& Statutory Auditors

Great North House, 20 Allington Way

Darlington

County Durham

DL1 4QB

The directors present their strategic report for the year ended 31 January 2026.

REVIEW OF BUSINESS

The principal activity of the company, Bob Alexander Limited, is that of a franchised motor dealer involved in the sale and repair of new and used vehicles. The company operates franchises for Omoda, Jaecoo, Alfa Romeo and Jeep.

In July 2025 the Company ceased to operate the Fiat and Abarth franchises, due to a large reduction in market share over recent years, resulting in declining sales and viability.

The Company continued to operate profitably through the year and experienced a very encouraging increase in turnover of approximately 37% (£21.4m v £15.6m), which followed a 46% increase in previous year. Once again, this was largely due to the introduction of the Omoda & Jaecoo franchise, which continues to generate high levels of customer enquiries and sales, exceeding industry expectations.

Profit before tax showed a significant improvement, increasing more than threefold over the previous year (£668k v £201k), despite our operating costs continuing to increase. The increase resulted from increased new car sales generated by Omoda and Jaecoo which showed a growth of approximately 650% over the previous year.

Whilst revenue from after sales activities increased marginally over the year, this was more than offset by increased after sales operating costs, particularly staffing, where increased wages and national insurance costs impacted results. Although after sales contribution was down, this is an area of the business where we expect significant growth in the coming years. The Omoda and Jaecoo vehicle parc is growing at a rapid rate and this will generate increased demand for service and repair work.

Our staff continue to be a key asset of the Company. They are the main reason for the high levels of customer satisfaction, continuing to operate in the top 25% of dealerships in the UK within each franchise. Although numbers of staff employed remained static through the year, we expect our staffing to grow in future years to reflect the increase in business generated by Omoda and Jaecoo.

PRINCIPAL RISKS AND UNCERTAINTIES

Increasing costs continue to present a challenge to the Company and this is likely to continue through 2026. These increases are being experienced across nearly all areas of the business and include a significant rise in business rates, where government relief is significantly reduced. The limited availability of skilled staff also continues to be a major issue for the Company and this is likely to continue through 2026. Staff recruitment and retention is now a crucial part of our business as the supply of skilled staff in many of the roles we employ is exceeded by demand. This has led to vacancies being unfilled and staffing costs rising, both of which adversely affect the Company's performance.

The transition of the motor industry to electric vehicles is continuing to face significant headwinds, as the public demand for such vehicles remain below anticipated levels. We are hopeful that in time, manufacturer and government initiatives, will help increase the public's demand for electric and hybrid vehicles.

We remain confident that the manufacturers we represent are well placed with existing and planned new product to help drive this change. We will continue to manage these issues and are confident that our strong balance sheet and cash reserves, together with the instigation of a number of cost reduction initiatives, means we are confident the Group will be able to trade through this period.

ON BEHALF OF THE BOARD:

D R Alexander - Director

6 August 2026

The directors present their report with the financial statements of the company for the year ended 31 January 2026.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the sale of new and used motor vehicles. In addition, the company also provides vehicle servicing, bodywork repairs and selling vehicle parts.

DIVIDENDS

No dividends will be distributed for the year ended 31 January 2026.

DIRECTOR

D R Alexander held office during the whole of the period from 1 February 2025 to the date of this report.

Other changes in directors holding office are as follows:

S P R Alexander was appointed as a director after 31 January 2026 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

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

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he 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.

AUDITORS

The auditors, Clive Owen LLP, are deemed to be reappointed under section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:

D R Alexander - Director

6 August 2026

Opinion

We have audited the financial statements of Bob Alexander Limited (the 'company') for the year ended 31 January 2026 which comprise the Statement of Income and Retained Earnings, Balance Sheet and 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 January 2026 and of its profit for the year then ended;

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

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

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the 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 directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

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

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

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, 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 Directors 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 Directors 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 Directors.

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

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

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

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

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

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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

Auditors' responsibilities for the audit of the financial statements

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

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, to detect material misstatements in respect of irregularities, including fraud. Our audit must be alert to the risk of manipulation of the financial statements and seek to understand the incentives and opportunities for management to achieve this.

We undertake the following procedures to identify and respond to these risks of non-compliance:

- Understanding the key legal and regulatory frameworks that are applicable to the Company. We communicated and identified laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit. We determined the most significant of these to be: motor industry regulations, FCA compliance, company law, taxation law, employment law, health and safety law, and GDPR.

- Enquiry of director and management as to policies and procedures to ensure compliance and any known instances of non-compliance.

- Enquiry of director and management as to areas of the financial statements susceptible to fraud and how these risks are managed.

- Challenging management on key estimates, assumptions and judgements made in the preparation of the financial statements.The key area of uncertainty are disclosed in the accounting policies.

- Identifying and testing unusual journal entries, with a particular focus on manual journal entries.

Through these procedures, we did not become aware of actual or suspected non-compliance.

We planned and performed our audit in accordance with auditing standards but owing to the inherent limitations of procedures required in these areas, there is an unavoidable risk that we may not have detected a material misstatement in the accounts. The further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve concealment, collusion, forgery, misrepresentations, or override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all 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.

Martin Hobson BA (Hons) FCCA (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

Chartered Accountants

& Statutory Auditors

Great North House, 20 Allington Way

Darlington

County Durham

DL1 4QB

6 August 2026

TURNOVER

21,412,419

15,587,361

Cost of sales

(20,157,795

)

(14,949,143

)

GROSS PROFIT

1,254,624

638,218

Administrative expenses

(670,315

)

(562,055

)

584,309

76,163

Other operating income

67,251

105,002

OPERATING PROFIT

4

651,560

181,165

Interest receivable and similar income

34,671

31,470

686,231

212,635

Interest payable and similar expenses

5

(18,279

)

(11,989

)

PROFIT BEFORE TAXATION

667,952

200,646

Tax on profit

6

(167,114

)

(50,379

)

PROFIT FOR THE FINANCIAL YEAR

500,838

150,267

Retained earnings at beginning of year

2,966,888

2,816,621

RETAINED EARNINGS AT END OF YEAR

3,467,726

2,966,888

FIXED ASSETS

Tangible assets

7

172,487

173,847

CURRENT ASSETS

Stocks

8

2,604,185

2,647,384

Debtors

9

2,920,380

2,789,675

Investments

10

624,100

24,100

Cash at bank and in hand

631,072

576,393

6,779,737

6,037,552

CREDITORS

Amounts falling due within one year

11

(3,451,680

)

(3,211,426

)

NET CURRENT ASSETS

3,328,057

2,826,126

TOTAL ASSETS LESS CURRENT LIABILITIES

3,500,544

2,999,973

PROVISIONS FOR LIABILITIES

14

(32,088

)

(32,355

)

NET ASSETS

3,468,456

2,967,618

CAPITAL AND RESERVES

Called up share capital

15

360

360

Capital redemption reserve

16

370

370

Retained earnings

16

3,467,726

2,966,888

SHAREHOLDERS' FUNDS

3,468,456

2,967,618

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2026 and were signed on its behalf by:

D R Alexander - Director

1.	STATUTORY INFORMATION

Bob Alexander 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 3.17(d);

•

the requirement of paragraph 33.7.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include:

Stock provisions - management applies procedures to identify defective, slow moving and obsolete stock. An estimation is made of the price obtainable in the market in which the goods are expected to be sold and any costs of completion of sale are taken into account. The value of stock is reduced by the deficit between cost and estimated net realisable value of the stock in the form of a stock provision.

Turnover

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

Income recognition

Vehicle income is recognised when a contract for the sale of goods is determined as unconditional.

Parts and workshop income is recognised at the point that the goods are delivered or the service is provided.

Manufacturer bonuses are recognised at the points that the sales targets have been achieved by the conditions set out by the vehicle manufacturers, and per the terms and conditions of their agreements. The most significant target will relate to achieving a certain volume of sales within a prescribed amount of time.

Tangible fixed assets

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

Leasehold property improvements

-

10% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

30% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Impairment policy

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Capital grants

Capital grants received to fund the acquisition or construction of tangible fixed assets are recognised when there is reasonable assurance that the conditions attached to the grant will be met and that the grant will be received. Grants are measured at fair value and are recognised as deferred income on the balance sheet. The deferred income is released to the profit and loss account on a systematic basis over the useful economic life of the related asset, to match the depreciation charge of that asset. Where a grant becomes repayable, the repayment is recognised immediately in accordance with the terms of the grant.

Stocks

Stocks and work in progress for vehicles are valued at the lower of cost and net realisable value, using the first in first out method, after making due allowance for obsolete and slow moving items.

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

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Consignment stock

Consignment stock is recognised in stock and as a corresponding creditor in the accounts. These represent vehicles that are due for delivery by the manufacturer.They are recognised at the point of a vehicle being ordered and the leave the liability account when they are delivered on site and the vehicle invoiced.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Current asset investments

The investments are mostly held in liquid funds which can be accessed at short notice. Current asset investments are held at market value.

3.	EMPLOYEES AND DIRECTORS

2026

2025

£

£

Wages and salaries

764,486

711,795

Social security costs

94,028

66,884

Other pension costs

26,017

15,536

884,531

794,215

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

2026

2025

Employees including directors

22

22

2026

2025

£

£

Director's remuneration

11,725

11,950

4.	OPERATING PROFIT

The operating profit is stated after charging:

2026

2025

£

£

Depreciation - owned assets

33,188

25,495

Loss on disposal of fixed assets

1,674

1,314

Auditors' remuneration

13,201

11,715

Other operating leases

10,582

2,428

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2026

2025

£

£

Floor plan interest

18,279

11,989

6.

TAXATION

Analysis of the tax charge

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

2026

2025

£

£

Current tax:

UK corporation tax

167,381

29,475

Deferred tax

(267

)

20,904

Tax on profit

167,114

50,379

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:

2026

2025

£

£

Profit before tax

667,952

200,646

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2025 - 25%)

166,988

50,162

Effects of:

Income not taxable for tax purposes

126

217

Total tax charge

167,114

50,379

7.	TANGIBLE FIXED ASSETS

Leasehold

Fixtures

property

Plant and

and

improvements

machinery

fittings

£

£

£

COST

At 1 February 2025

47,739

157,935

237,206

Additions

23,138

1,529

6,166

Disposals

-

-

(44,683

)

At 31 January 2026

70,877

159,464

198,689

DEPRECIATION

At 1 February 2025

-

127,918

157,392

Charge for year

-

4,688

24,065

Eliminated on disposal

-

-

(43,009

)

At 31 January 2026

-

132,606

138,448

NET BOOK VALUE

At 31 January 2026

70,877

26,858

60,241

At 31 January 2025

47,739

30,017

79,814

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2025

19,256

12,986

475,122

Additions

-

2,669

33,502

Disposals

-

-

(44,683

)

At 31 January 2026

19,256

15,655

463,941

DEPRECIATION

At 1 February 2025

3,610

12,355

301,275

Charge for year

3,911

524

33,188

Eliminated on disposal

-

-

(43,009

)

At 31 January 2026

7,521

12,879

291,454

NET BOOK VALUE

At 31 January 2026

11,735

2,776

172,487

At 31 January 2025

15,646

631

173,847

8.

STOCKS

2026

2025

£

£

Parts and accessories

83,098

57,848

New and used cars

1,477,721

1,323,451

Consignment stock

1,043,366

1,266,085

2,604,185

2,647,384

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

669,871

526,028

Amounts owed by group undertakings

1,877,948

1,877,948

Amounts owed by associates

347,027

347,027

Other debtors

12,605

5,900

Prepayments and accrued income

12,929

32,772

2,920,380

2,789,675

10.	CURRENT ASSET INVESTMENTS

2026

2025

£

£

Listed investments

624,100

24,100

Market value of listed investments at 31 January 2026 - £ 624,100 (2025 - £ 24,100 ).

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

1,500,083

1,178,529

Consignment stock liability

1,043,367

1,266,085

Deposits in advance

35,851

47,676

Amounts owed to group undertakings

455,000

455,000

Corporation tax

167,381

29,475

Taxation and social security

31,611

43,996

Other creditors

84,338

50,194

Accruals and deferred income

134,049

140,471

3,451,680

3,211,426

Consignment vehicles which bear interest are regarded effectively as being under the control of the company and are included within stocks on the balance sheet, although legal title has not passed to the company. The corresponding liability is included within consignment stock liabilities and is secured directly on these vehicles.

12.	LEASING AGREEMENTS

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

2026

2025

£

£

Within one year

8,812

10,582

Between one and five years

570

1,147

9,382

11,729

13.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Trade and other creditors

2,452,279

2,347,776

Trade and other creditors are secured against stocks to which they relate.

14.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

32,088

32,355

Deferred

tax

£

Balance at 1 February 2025

32,355

Accelerated capital allowances

(267

)

Balance at 31 January 2026

32,088

15.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

172

Ordinary

£1

172

172

180

A Ordinary

£1

180

180

8

B Ordinary

£1

8

8

360

360

The Ordinary and the B Ordinary shares rank pari passu other than each class of shares having the ability to vote dividends separately.

The A Ordinary shares have the right to receive dividends but do not have the right to vote.

16.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 February 2025

2,966,888

370

2,967,258

Profit for the year

500,838

-

500,838

At 31 January 2026

3,467,726

370

3,468,096

Called-up share capital - represents the nominal value of shares that have been issued.

Retained earnings - includes all current and prior period retained profits and losses.

Capital redemption reserve - represents the previous purchase of the company's own shares.

17.	ULTIMATE PARENT COMPANY

The ultimate parent company is Alexanders Holdings Limited, Chapel Street Garage, Chapel Street, Thornaby, Cleveland, TS17 6BB.