REGISTERED NUMBER: 15297233 (England and Wales)

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

COMPASS FINANCIAL (UK) HOLDINGS LIMITED

Page

Company Information

1

Report of the Directors

2

Report of the Independent Auditors

4

Consolidated Statement of Income and Retained Earnings

9

Consolidated Balance Sheet

10

Company Balance Sheet

11

Notes to the Consolidated Financial Statements

12

DIRECTORS:

R A Green

T R Perry

REGISTERED OFFICE:

Building One

Manchester Green

Manchester

M22 5LW

REGISTERED NUMBER:

15297233 (England and Wales)

AUDITORS:

TC Group

Statutory Auditors

Park House

200 Drake Street

Rochdale

Lancashire

OL16 1PJ

The directors present their report with the financial statements of the company and the group for the year ended 28 February 2026.

REVIEW OF BUSINESS

Compass Financial (UK) Holdings Limited is the parent company of Compass Financial (UK) Limited.

The principal activity of Compass Financial (UK) Limited continues to be the provision of financial advice services to clients in the UK. The Company takes an advice led approach to preserving and enhancing clients' wealth, combining skills and experience in pensions and investments.

Compass Financial (UK) Limited is an appointed representative of Quilter Wealth Limited who are regulated by the Financial Conduct Authority.

The group is well positioned both operationally and financially to continue to grow and the Directors are comfortable that the Company remains a going concern.

Performance of the business

The performance of the business is reviewed regularly. Monthly management accounts and KPI's are produced and compared month on month, in comparison to prior years and to budgets. Cash flow forecasting and overhead spend analysis is also carried out on a monthly basis.

The directors are confident that the regular analysis of KPIs allows good and reliable management of the business.

Financial Information and Key Performance Indicators

The group uses Turnover and adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) and excluding one off, and non trading costs, as its principle key performance indicators.

Turnover for the year to 28th February 2026 is £5,459,798 (2025: £4,762,051).

The results for the group are set out in detail in the Statement of Income and Retained Earnings and Trading Profit and Loss Account.

Principal Risks and Uncertainties

The group is exposed to market risk as a high proportion of its turnover is linked to the performance and value of its AUM.

Whilst this is an industry wide risk, clients are worked with to ensure that their portfolios represent their individual attitude to risk and are spread across a range of asset classes. By working with our client's and ensuring that their risks are reflective and appropriately spread, the company's risk as a direct result is mitigated.

The group is also exposed to economic risk linked to the variable rate of interest on its funding facility. Whilst this risk is difficult to mitigate, the group forecasts out and sensitivities the impact of interest rate changes to ensure there is not a significant detrimental effect on the group.

Employees

The group encourages and is committed to the personal development of its team members and tries to ensure that it continues to provide opportunities for training and career progression in the company.

The group gives full consideration to applications for employment by disabled persons where the candidates ability and skills are appropriate for the job. In the event of an employee becoming disabled whilst in the Company's employment, it ensures it arranges appropriate and suitable working conditions where possible.

The directors would like to take the opportunity to again thank all the team members for their continued support, without which it would not be possible to achieve the growth planned for the business.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 March 2025 to the date of this report.

R A Green

T R Perry

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, TC Group, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

R A Green - Director

26 June 2026

Opinion

We have audited the financial statements of Compass Financial (UK) Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 28 February 2026 which comprise the Consolidated Statement of Income and Retained Earnings, Consolidated Balance Sheet, Company 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 group's and of the parent company affairs as at 28 February 2026 and of the group's 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 group 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 group's and the parent 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 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 Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Directors has 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company 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; or

-	the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Group Strategic Report or in preparing the Report of the Directors.

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 group's and the parent 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 group or the parent 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. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the sector;

- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006 and taxation legislation and

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence where necessary,

- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

- Supporting documentation relating to the Company's policies and procedures for:

i. Identifying, evaluating and complying with laws and regulations

ii. Detecting and responding to the risk of fraud.

To address the risk of fraud through management bias and override of controls, we

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested appropriateness of journal entries and other adjustments.- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

- investigated the rationale behind significant or unusual transactions.- communicated relevant laws and regulations and potential fraud risks to engagement team and remained alert to any indications of

fraud or non-compliance with laws and regulations throughout the audit.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;

- enquiring of management as to actual and potential litigation and claims; and-reviewing correspondence with HMRC.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the

inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the sector;

- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006 and taxation legislation and

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence where necessary,

- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

- Supporting documentation relating to the Company's policies and procedures for:

i. Identifying, evaluating and complying with laws and regulations

ii. Detecting and responding to the risk of fraud.

To address the risk of fraud through management bias and override of controls, we

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested appropriateness of journal entries and other adjustments.- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

- investigated the rationale behind significant or unusual transactions.- communicated relevant laws and regulations and potential fraud risks to engagement team and remained alert to any indications of

fraud or non-compliance with laws and regulations throughout the audit.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;

- enquiring of management as to actual and potential litigation and claims; and-reviewing correspondence with HMRC.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the

inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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.

Christian Morris BSc ACA (Senior Statutory Auditor)

for and on behalf of TC Group

Statutory Auditors

Park House

200 Drake Street

Rochdale

Lancashire

OL16 1PJ

26 June 2026

TURNOVER

5,459,798

4,762,051

Cost of sales

2,423,177

2,361,852

GROSS PROFIT

3,036,621

2,400,199

Administrative expenses

1,966,611

1,812,986

OPERATING PROFIT

5

1,070,010

587,213

Interest receivable and similar income

3,490

1,176

1,073,500

588,389

Interest payable and similar expenses

440,126

471,386

PROFIT BEFORE TAXATION

633,374

117,003

Tax on profit

6

259,008

130,417

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

374,366

(13,414

)

Retained earnings at beginning of year

(132,916

)

(119,502

)

RETAINED EARNINGS FOR THE GROUP AT END OF YEAR

241,450

(132,916

)

Profit/(loss) attributable to:

Owners of the parent

374,366

(13,414

)

FIXED ASSETS

Intangible assets

8

6,488,856

6,695,865

Tangible assets

9

59,007

71,429

Investments

10

-

-

6,547,863

6,767,294

CURRENT ASSETS

Debtors

11

723,527

788,046

Cash at bank

599,011

476,296

1,322,538

1,264,342

CREDITORS

Amounts falling due within one year

12

1,678,866

1,838,375

NET CURRENT LIABILITIES

(356,328

)

(574,033

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,191,535

6,193,261

CREDITORS

Amounts falling due after more than one year

13

(4,880,290

)

(5,254,045

)

PROVISIONS FOR LIABILITIES

(48,621

)

(51,055

)

NET ASSETS

1,262,624

888,161

CAPITAL AND RESERVES

Called up share capital

15

4,195

4,098

Share premium

1,016,819

1,016,819

Capital redemption reserve

160

160

Retained earnings

241,450

(132,916

)

SHAREHOLDERS' FUNDS

1,262,624

888,161

The financial statements have been prepared 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 26 June 2026 and were signed on its behalf by:

R A Green - Director

FIXED ASSETS

Intangible assets

8

6,488,856

6,695,865

Tangible assets

9

-

-

Investments

10

4,098

4,098

6,492,954

6,699,963

CURRENT ASSETS

Debtors

11

212,817

319,469

CREDITORS

Amounts falling due within one year

12

3,579,282

2,499,277

NET CURRENT LIABILITIES

(3,366,465

)

(2,179,808

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,126,489

4,520,155

CREDITORS

Amounts falling due after more than one year

13

4,880,290

5,254,045

NET LIABILITIES

(1,753,801

)

(733,890

)

CAPITAL AND RESERVES

Called up share capital

15

4,195

4,098

Retained earnings

(1,757,996

)

(737,988

)

SHAREHOLDERS' FUNDS

(1,753,801

)

(733,890

)

Company's loss for the financial year

(1,020,008

)

(737,988

)

The financial statements have been prepared 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 23 June 2026 and were signed on its behalf by:

R A Green - Director

1.	STATUTORY INFORMATION

Compass Financial (UK) Holdings 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 General 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of various businesses, is being amortised over its estimated useful life of 20 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

15% on reducing balance and 20% on cost

Computer equipment

-

33% on cost and 25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Income and Retained Earnings, 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 plan for its employees. A defined contribution plan is a pension plan which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Going concern

The directors have prepared forecasts which shows that the group will be able to realise its assets and discharge its liabilities in the normal course of business. In addition, continued financial support to the group by the controlling party (N.F.W. McKee) has been confirmed. Accordingly, the directors believe it is appropriate to prepare the financial statements on a gong concern basis.

Operating leases: the company as lessee

Rentals payable under operating leases are charged to profit or loss on a straight-line basis over the lease term. Lease incentives received are recognised as an integral part of the total lease expense over the term of the lease.

The Company has applied the recognition exemption available under FRS 102 in respect of short-term leases and leases for which the underlying asset is of low value, where applicable.

3.	CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

Work in progress is valued at the lower of cost and net realisable value and represents the value of work completed according to the stage of completion on an ongoing basis. Management has exercised significant judgement in determining the closing balance for the year by determining the percentage of the work completed on each work item per the Work in

progress (WIP) report.

Judgement is required in evaluating the percentage of work completed per each work item

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2025 - 27 ) .

5.	OPERATING PROFIT

The operating profit is stated after charging:

Period

20.11.23

Year Ended

to

28.2.26

28.2.25

£

£

Depreciation - owned assets

29,456

33,307

Goodwill amortisation

394,131

384,043

6.

TAXATION

Analysis of the tax charge

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

Period

20.11.23

Year Ended

to

28.2.26

28.2.25

£

£

Current tax:

UK corporation tax

261,442

127,724

Deferred tax

(2,434

)

2,693

Tax on profit

259,008

130,417

7.	INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

8.	INTANGIBLE FIXED ASSETS

Group

Goodwill

£

COST

At 1 March 2025

8,134,480

Additions

187,122

At 28 February 2026

8,321,602

AMORTISATION

At 1 March 2025

1,438,615

Amortisation for year

394,131

At 28 February 2026

1,832,746

NET BOOK VALUE

At 28 February 2026

6,488,856

At 28 February 2025

6,695,865

Company

Goodwill

£

COST

At 1 March 2025

6,956,095

Additions

187,122

At 28 February 2026

7,143,217

AMORTISATION

At 1 March 2025

260,230

Amortisation for year

394,131

At 28 February 2026

654,361

NET BOOK VALUE

At 28 February 2026

6,488,856

At 28 February 2025

6,695,865

9.	TANGIBLE FIXED ASSETS

Group

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 March 2025

150,163

86,991

237,154

Additions

3,515

13,520

17,035

At 28 February 2026

153,678

100,511

254,189

DEPRECIATION

At 1 March 2025

104,382

61,344

165,726

Charge for year

18,261

11,195

29,456

At 28 February 2026

122,643

72,539

195,182

NET BOOK VALUE

At 28 February 2026

31,035

27,972

59,007

At 28 February 2025

45,781

25,647

71,428

10.	FIXED ASSET INVESTMENTS

Company

Shares in

group

undertakings

£

COST

At 1 March 2025

and 28 February 2026

4,098

NET BOOK VALUE

At 28 February 2026

4,098

At 28 February 2025

4,098

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

2026

2025

2026

2025

£

£

£

£

Amounts recoverable on contract

61,152

68,593

-

-

Tax

-

33,880

-

-

Prepayments

662,375

685,573

212,817

319,469

723,527

788,046

212,817

319,469

12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

2026

2025

2026

2025

£

£

£

£

Bank loans and overdrafts

683,500

657,500

683,500

657,500

Trade creditors

160,540

171,526

-

-

Amounts owed to group undertakings

-

-

2,657,630

1,344,564

Tax

261,494

127,724

-

-

Social security and other taxes

85,291

63,724

-

-

Other creditors

8,013

22,392

-

-

Deferred goodwill payments

124,234

398,079

124,234

398,079

Accrued expenses

355,794

397,430

113,918

99,134

1,678,866

1,838,375

3,579,282

2,499,277

13.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group

Company

2026

2025

2026

2025

£

£

£

£

Bank loans - 1-2 years

683,500

657,500

683,500

657,500

Bank loans - 2-5 years

2,613,107

2,834,274

2,613,107

2,834,274

Other creditors

1,583,683

1,762,271

1,583,683

1,762,271

4,880,290

5,254,045

4,880,290

5,254,045

14.	SECURED DEBTS

The following secured debts are included within creditors:

Group

Company

2026

2025

2026

2025

£

£

£

£

Bank loans

3,980,107

4,149,274

3,980,107

4,149,274

Bank loans are secured by a charge over all of the company's freehold and leasehold property, plant and machinery, book and other debts and any other sums payable to the company, the benefit of all contracts, deeds and agreements, all intellectual property rights, goodwill and uncalled capital and undertaking, in each case both owned by the company now or in the future.

15.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

268

Ordinary Shares C

£1

268

214

172

Ordinary Shares D

£1

172

129

3,755

Ordinary Shares G

£1

3,755

3,755

4,195

4,098

16.	ULTIMATE CONTROLLING PARTY

The company is controlled by N. F. W. McKee who owns 89.5% of the issued share capital.