REGISTERED NUMBER: 06552692 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 January 2026

for

Dapra York 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:

Alexanders

Chapel Street

Teesdale

THORNABY ON TEES

Teesside

TS17 6BB

REGISTERED NUMBER:

06552692 (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 DAPRA York Limited, is that of a franchised motor dealer involved in the sale and repair of new and used vehicles. DAPRA York Limited continue to operate the Nissan franchise profitably, and at a combined level which is above the industry average.

Turnover remained very similar to the previous year (£20.26m vs £20.52m) and this followed through to similar profit before tax (£541k vs £554k).

New car sales were marginally down (5%) as Nissan's market share fell as a consequence of an ageing model line up and waiting for new models (new Mica and new Leaf scheduled for 2026).

Used car sales were also marginally down (5%), but contribution improved as there were fewer losses on the sale of used electric vehicles.

After sales turnover showed a small increase over the year, but this was more than offset by increased operating costs, primarily in staffing costs, including significantly increased national insurance costs.

Our staff continue to be a key asset of the Company. They are the main reason for the high levels of customer satisfaction, operating in the top 25% of Nissan dealerships in the UK. Overall numbers of staff remained the same through the year and we anticipate this will remain at a similar level through 2026.

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 rate, 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. Costs have also been significantly increased by changes in government taxation through the year.

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 provides vehicle servicing and selling vehicle parts.

DIVIDENDS

The total distribution of dividends for the year ended 31 January 2026 will be £ 80,000 .

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 Dapra York 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

20,269,590

20,520,419

Cost of sales

(19,330,429

)

(19,608,312

)

GROSS PROFIT

939,161

912,107

Administrative expenses

(553,151

)

(549,343

)

386,010

362,764

Other operating income

72,751

99,127

OPERATING PROFIT

4

458,761

461,891

Interest receivable and similar income

86,134

94,065

544,895

555,956

Interest payable and similar expenses

5

(3,217

)

(1,461

)

PROFIT BEFORE TAXATION

541,678

554,495

Tax on profit

6

(136,325

)

(138,625

)

PROFIT FOR THE FINANCIAL YEAR

405,353

415,870

Retained earnings at beginning of year

3,142,517

2,886,647

Dividends

7

(80,000

)

(160,000

)

RETAINED EARNINGS AT END OF YEAR

3,467,870

3,142,517

FIXED ASSETS

Intangible assets

8

-

-

Tangible assets

9

45,086

60,934

45,086

60,934

CURRENT ASSETS

Stocks

10

1,909,405

2,062,773

Debtors

11

1,041,592

1,069,614

Investments

12

1,696,626

1,450,100

Cash at bank and in hand

570,660

850,263

5,218,283

5,432,750

CREDITORS

Amounts falling due within one year

13

(1,792,720

)

(2,344,878

)

NET CURRENT ASSETS

3,425,563

3,087,872

TOTAL ASSETS LESS CURRENT LIABILITIES

3,470,649

3,148,806

PROVISIONS FOR LIABILITIES

16

(2,778

)

(6,288

)

NET ASSETS

3,467,871

3,142,518

CAPITAL AND RESERVES

Called up share capital

17

1

1

Retained earnings

18

3,467,870

3,142,517

SHAREHOLDERS' FUNDS

3,467,871

3,142,518

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

Dapra York 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.

The principal place of business is Great North Way, York, YO26 6RB.

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 historic 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.

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 manufacturer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, has been fully amortised over its estimated useful life.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

30% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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.

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.

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

848,036

829,993

Social security costs

102,759

82,019

Other pension costs

16,458

16,219

967,253

928,231

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

2026

2025

Employees including directors

24

24

2026

2025

£

£

Director's remuneration

-

-

4.	OPERATING PROFIT

The operating profit is stated after charging:

2026

2025

£

£

Depreciation - owned assets

17,290

15,969

Loss on disposal of fixed assets

2,483

1,667

Auditors' remuneration

11,998

11,161

Property operating leases

135,000

135,000

Other operating leases

1,980

1,119

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2026

2025

£

£

HMRC Interest

2,880

-

Floor plan interest

337

1,461

3,217

1,461

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

139,835

135,865

Deferred tax

(3,510

)

2,760

Tax on profit

136,325

138,625

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

541,678

554,495

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

135,420

138,624

Effects of:

Expenses not deductible for tax purposes

905

-

Depreciation in excess of capital allowances

-

1

Total tax charge

136,325

138,625

7.

DIVIDENDS

2026

2025

£

£

Interim

80,000

160,000

8.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

200,000

AMORTISATION

At 1 February 2025

and 31 January 2026

200,000

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

-

9.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2025

23,981

139,663

18,138

34,141

215,923

Additions

-

3,925

-

-

3,925

Disposals

-

(79,130

)

-

-

(79,130

)

At 31 January 2026

23,981

64,458

18,138

34,141

140,718

DEPRECIATION

At 1 February 2025

12,950

116,321

4,534

21,184

154,989

Charge for year

2,758

6,855

3,401

4,276

17,290

Eliminated on disposal

-

(76,647

)

-

-

(76,647

)

At 31 January 2026

15,708

46,529

7,935

25,460

95,632

NET BOOK VALUE

At 31 January 2026

8,273

17,929

10,203

8,681

45,086

At 31 January 2025

11,031

23,342

13,604

12,957

60,934

10.

STOCKS

2026

2025

£

£

Parts and accessories

45,946

79,811

New and used cars

1,863,459

1,982,962

1,909,405

2,062,773

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

423,585

439,784

Amounts owed by group undertakings

455,000

455,000

Other debtors

99,023

103,334

Prepayments and accrued income

63,984

71,496

1,041,592

1,069,614

12.	CURRENT ASSET INVESTMENTS

2026

2025

£

£

Listed investments

1,696,626

1,450,100

Market value of listed investments at 31 January 2026 - £ 1,696,626 (2025 - £ 1,450,100 ).

13.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

1,023,460

1,409,307

Deposits in advance

27,013

121,871

Amounts owed to group undertakings

561,035

561,035

Corporation tax

40,228

52,031

Taxation and social security

63,937

53,423

Other creditors

24,551

96,840

Accruals and deferred income

52,496

50,371

1,792,720

2,344,878

14.	LEASING AGREEMENTS

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

2026

2025

£

£

Within one year

1,980

136,980

Between one and five years

990

2,970

2,970

139,950

15.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Trade and other creditors

906,661

1,284,999

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

16.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

2,778

6,288

Deferred

tax

£

Balance at 1 February 2025

6,288

Accelerated capital allowances

(3,510

)

Balance at 31 January 2026

2,778

17.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

1

Ordinary

£1

1

1

18.

RESERVES

Retained

earnings

£

At 1 February 2025

3,142,517

Profit for the year

405,353

Dividends

(80,000

)

At 31 January 2026

3,467,870

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.

19.	ULTIMATE PARENT COMPANY

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

20.	RELATED PARTY DISCLOSURES

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.

Other related parties

2026

2025

£

£

Rent

94,500

94,500

21.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D R Alexander.