REGISTERED NUMBER: 01847774 (England and Wales)

Group Strategic Report,

Report of the Director and

Consolidated Financial Statements

for the Year Ended 31 December 2025

for

John A Stephens Holdings Limited

Page

Company Information

1

Group Strategic Report

2

Report of the Director

3

Report of the Independent Auditors

5

Consolidated Income Statement

7

Consolidated Other Comprehensive Income

8

Consolidated Balance Sheet

9

Company Balance Sheet

10

Consolidated Statement of Changes in Equity

11

Company Statement of Changes in Equity

12

Consolidated Cash Flow Statement

13

Notes to the Consolidated Cash Flow Statement

14

Notes to the Consolidated Financial Statements

15

DIRECTOR:

P J Stephens

SECRETARY:

Mrs A Stephens

REGISTERED OFFICE:

Castle Meadow Road

Nottingham

Nottinghamshire

NG2 1AG

REGISTERED NUMBER:

01847774 (England and Wales)

AUDITORS:

Wright Vigar Limited

Statutory Auditors

Chartered Accountants & Business Advisers

Alexandra House

43 Alexandra St

Nottingham

Nottinghamshire

NG5 1AY

Business review and future plans

The year under review showed an expected increase in turnover over the prior year. The uncertainty which shrouded the prior year economic outlook and rising material prices appears to have stabilised and a welcome increase in trade has been the result.

The Board has continued to prioritise customer service and high stock levels and so has maintained its high staffing position, as opposed to reducing staff numbers, whilst also expanding on the staff incentives.

The group maintains its position as one of the leading independent merchants in the Midlands area.

Liquidity and solvency ratios for the period continue to reflect the strong financial position that the group maintains.

The group has continued to make significant investments in its new fleet during the year and the Board expect to see the benefit of this in the coming years.

Analysis of key performance indicators

The Board looks at turnover, margins and profitability when monitoring business performance.

Turnover increased by 5.9%, with gross profit margins improving slightly over the prior year. It is pleasing that after last years loss, all trading subsidiaries this year reported a return to profit, although the consolidated position shows a small loss as a result of additional group overheads..

The Board also considers key statement of financial position areas in order to understand the financial position of the group.

Net current assets have decreased slightly in the year, which is largely the result of capital expenditure to modernise the fleet.. The Board is satisfied that the key statement of financial position sections remain strong, in particular cash at bank. The Board is satisfied that the group can continue to pay its debts as they fall due for the foreseeable future.

Principal risks and uncertainties

The directors consider the principal financial risks to which the group is exposed are a decline in market share and the timing of a recovery in the house building and construction industries. These industries are affected by governmental policies and these are also likely to impact on the results of the group.

The directors' management of the former risk has involved the monitoring of both supplier and competitor prices and the development of the group's selling outlets.

The group is not significantly exposed to credit risks, given the cash based nature of its operations. In relation to trade customers, the group is exposed to the usual credit risk and cash flow risk associated with its business and manages this through tight credit control procedures.

ON BEHALF OF THE BOARD:

P J Stephens - Director

4 September 2026

The director presents his report with the financial statements of the company and the group for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of a builder's merchant.

DIVIDENDS

No interim dividends were paid during the year ended 31 December 2025.

The director recommends final dividends per share as follows:

Ordinary £1 shares

£2

'B' Ordinary £1 shares

£2

'C' Ordinary £1 shares

£2

The total distribution of dividends for the year ended 31 December 2025 will be £ 146,800 .

DIRECTORS

P J Stephens has held office during the whole of the period from 1 January 2025 to the date of this report.

Other changes in directors holding office are as follows:

J M Daniel ceased to be a director after 31 December 2025 but prior to the date of this report.

PROFESSIONAL INDEMNITY INSURANCE

The company and group take out indemnity insurance on behalf of the directors.

DISCLOSURE IN THE STRATEGIC REPORT

The directors have prepared a review of the business, together with a summary of the principal risks and uncertainties affecting the company, and these are detailed within the Strategic Report. The report includes an explanation of the company and group's financial risk management policies.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is 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 director is 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 director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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 director is 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 he 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 group's auditors are aware of that information.

ON BEHALF OF THE BOARD:

P J Stephens - Director

4 September 2026

Opinion

We have audited the financial statements of John A Stephens Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, 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 31 December 2025 and of the group's loss 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 director's 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, 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 Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Director 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Director.

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 director's remuneration specified by law are not made; or

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

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is 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 director determines 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 director is 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 director either intends to liquidate the group or the parent company or to cease operations, or has 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, outlined above, to detect material misstatements in respect of irregularities, including fraud.

Our approach included obtaining an understanding of the legal and regulatory frameworks that are applicable to the

company and we determined those that are most significant. Based on the results of our risk assessment we designed audit procedures to identify non-compliance with such laws and regulations. The specific procedures included enquiry of management and those charged with governance around actual and potential litigation and claims.

In addition, and based on the results of our risk assessment we designed audit procedures to identify and address

material misstatements in relation to fraud. Specifically we considered the risk of fraud through management override

that may lead to a misappropriation of assets or inappropriate financial reporting. In response, we performed audit work over the risk of management override of controls, including testing journal entries and other adjustments for

appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those

leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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.

Kevin Shaw BSc FCA (Senior Statutory Auditor)

for and on behalf of Wright Vigar Limited

Statutory Auditors

Chartered Accountants & Business Advisers

Alexandra House

43 Alexandra St

Nottingham

Nottinghamshire

NG5 1AY

4 September 2026

TURNOVER

3

25,731,444

24,308,962

Cost of sales

17,791,238

17,303,555

GROSS PROFIT

7,940,206

7,005,407

Administrative expenses

8,435,026

8,640,262

(494,820

)

(1,634,855

)

Other operating income

327,608

246,742

OPERATING LOSS

5

(167,212

)

(1,388,113

)

Interest receivable and similar income

173,491

242,846

6,279

(1,145,267

)

Interest payable and similar expenses

6

21,626

30,882

LOSS BEFORE TAXATION

(15,347

)

(1,176,149

)

Tax on loss

7

1,839

(259,567

)

LOSS FOR THE FINANCIAL YEAR

(17,186

)

(916,582

)

Loss attributable to:

Owners of the parent

(17,186

)

(916,582

)

LOSS FOR THE YEAR

(17,186

)

(916,582

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(17,186

)

(916,582

)

Total comprehensive income attributable to:

Owners of the parent

(17,186

)

(916,582

)

FIXED ASSETS

Intangible assets

10

5,856

8,784

Tangible assets

11

6,647,749

6,445,140

Investments

12

2,153,527

1,955,370

Investment property

13

2,240,202

2,240,202

11,047,334

10,649,496

CURRENT ASSETS

Stocks

14

2,478,031

2,580,596

Debtors

15

3,574,281

3,137,454

Cash at bank and in hand

3,048,244

3,953,425

9,100,556

9,671,475

CREDITORS

Amounts falling due within one year

16

2,298,195

2,153,346

NET CURRENT ASSETS

6,802,361

7,518,129

TOTAL ASSETS LESS CURRENT LIABILITIES

17,849,695

18,167,625

CREDITORS

Amounts falling due after more than one year

17

220,478

374,422

NET ASSETS

17,629,217

17,793,203

CAPITAL AND RESERVES

Called up share capital

21

112,000

112,000

Revaluation reserve

22

280,152

280,152

Other reserves

22

684,221

684,221

Retained earnings

22

16,552,844

16,716,830

SHAREHOLDERS' FUNDS

17,629,217

17,793,203

The financial statements were approved by the director and authorised for issue on 4 September 2026 and were signed by:

P J Stephens - Director

FIXED ASSETS

Intangible assets

10

-

-

Tangible assets

11

2,833,150

2,949,083

Investments

12

92,087

92,087

Investment property

13

390,202

390,202

3,315,439

3,431,372

CURRENT ASSETS

Debtors

15

2,356,949

2,295,318

Cash at bank

403,899

391,679

2,760,848

2,686,997

CREDITORS

Amounts falling due within one year

16

3,772,936

3,723,367

NET CURRENT LIABILITIES

(1,012,088

)

(1,036,370

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,303,351

2,395,002

CREDITORS

Amounts falling due after more than one year

17

198,000

198,000

NET ASSETS

2,105,351

2,197,002

CAPITAL AND RESERVES

Called up share capital

21

112,000

112,000

Other reserves

22

167,789

167,789

Retained earnings

22

1,825,562

1,917,213

SHAREHOLDERS' FUNDS

2,105,351

2,197,002

Company's profit for the financial year

55,149

56,823

The financial statements were approved by the director and authorised for issue on 4 September 2026 and were signed by:

P J Stephens - Director

Called up

share

Retained

Revaluation

Other

Total

capital

earnings

reserve

reserves

equity

£

£

£

£

£

Balance at 1 January 2024

112,000

17,780,212

280,152

684,221

18,856,585

Changes in equity

Dividends

-

(146,800

)

-

-

(146,800

)

Total comprehensive income

-

(916,582

)

-

-

(916,582

)

Balance at 31 December 2024

112,000

16,716,830

280,152

684,221

17,793,203

Changes in equity

Dividends

-

(146,800

)

-

-

(146,800

)

Total comprehensive income

-

(17,186

)

-

-

(17,186

)

Balance at 31 December 2025

112,000

16,552,844

280,152

684,221

17,629,217

Called up

share

Retained

Other

Total

capital

earnings

reserves

equity

£

£

£

£

Balance at 1 January 2024

112,000

2,007,190

167,789

2,286,979

Changes in equity

Dividends

-

(146,800

)

-

(146,800

)

Total comprehensive income

-

56,823

-

56,823

Balance at 31 December 2024

112,000

1,917,213

167,789

2,197,002

Changes in equity

Dividends

-

(146,800

)

-

(146,800

)

Total comprehensive income

-

55,149

-

55,149

Balance at 31 December 2025

112,000

1,825,562

167,789

2,105,351

Cash flows from operating activities

Cash generated from operations

1

114,178

(483,852

)

Interest element of hire purchase payments paid

(1,826

)

(11,082

)

Finance costs paid

(19,800

)

(19,800

)

Tax paid

465

3,041

Net cash from operating activities

93,017

(511,693

)

Cash flows from investing activities

Purchase of tangible fixed assets

(995,662

)

(582,553

)

Purchase of fixed asset investments

(252,375

)

(735,926

)

Sale of tangible fixed assets

143,617

198,004

Sale of fixed asset investments

243,655

910,796

Interest received

173,491

242,846

Net cash from investing activities

(687,274

)

33,167

Cash flows from financing activities

Capital repayments in year

(169,598

)

112,005

Amount introduced by directors

30,793

20,371

Amount withdrawn by directors

(25,319

)

(12,475

)

Equity dividends paid

(146,800

)

(146,800

)

Net cash from financing activities

(310,924

)

(26,899

)

Decrease in cash and cash equivalents

(905,181

)

(505,425

)

Cash and cash equivalents at beginning of year

2

3,953,425

4,458,850

Cash and cash equivalents at end of year

2

3,048,244

3,953,425

1.	RECONCILIATION OF LOSS BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Loss before taxation

(15,347

)

(1,176,149

)

Depreciation charges

592,434

548,304

Loss/(profit) on disposal of fixed assets

45,335

(100,494

)

Gain on revaluation of fixed assets

(174,842

)

(103,732

)

Finance costs

21,626

30,882

Finance income

(173,491

)

(242,846

)

295,715

(1,044,035

)

Decrease in stocks

102,565

278,593

Increase in trade and other debtors

(469,924

)

(20,728

)

Increase in trade and other creditors

185,822

302,318

Cash generated from operations

114,178

(483,852

)

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2025

31.12.25

1.1.25

£

£

Cash and cash equivalents

3,048,244

3,953,425

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

3,953,425

4,458,850

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.25

Cash flow

At 31.12.25

£

£

£

Net cash

Cash at bank and in hand

3,953,425

(905,181

)

3,048,244

3,953,425

(905,181

)

3,048,244

Debt

Finance leases

(195,922

)

169,598

(26,324

)

Debts falling due after 1 year

(198,000

)

-

(198,000

)

(393,922

)

169,598

(224,324

)

Total

3,559,503

(735,583

)

2,823,920

1.	STATUTORY INFORMATION

John A Stephens 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements are prepared in sterling, which is the functional currency of the entity, rounded to the nearest £.

Basis of consolidation

The consolidated financial statements include the financial statements of the parent undertaking and its subsidiary undertakings to the extent of the group's interest in those undertakings and after eliminating intra-group transactions. Accounting policies are adjusted, where appropriate, to conform to group accounting policies.

In the company's financial statements investments in subsidiary undertakings are stated at cost less provision for permanent diminution in value.

A separate income statement for the parent undertaking has not been presented in accordance with Section 408 of the Companies Act 2006. The profit of the parent undertaking dealt within these financial statements is disclosed on the company balance sheet page. The individual accounts of John A Stephen Holdings Limited have also taken the exemption available from the requirement to present a statement of cash flows.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimate and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements:

Stock valuations and recoverability of trading assets - these involve judgements as to the extent to which provisions are required to account for the risk of irrecoverability or obsolescence.

Tangible fixed assets require the estimation of the useful economic lives of assets and are based on management's judgment and experience. When management identifies that actual useful economic lives differ materially from the estimates used to calculate depreciation, that charge is adjusted prospectively.

Investment Property requires the Directors to exercise their judgement as to the valuation of investment properties. Valuations are derived from the current market rents and investment property yields for comparable real estate, adjusted as necessary for any difference in the nature, location or condition of the specific asset.

Turnover

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

Sales are recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards attaching to the product, such as obsolescence, have been transferred to the customer.

Investment property turnover represents rental income.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Land and Buildings

-

2% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on cost, 15% on reducing balance and 15 - 20% on reducing balance

Motor vehicles

-

33% on cost and 25% on reducing balance

Computer equipment

-

25% straight line and 20% on cost

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

If there is an indication that there has been significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Investment property

Investment properties are recognised at their fair value. Changes in fair value are recognised in the Income Statement.

Stocks

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

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where It is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.