MEDINA HOLDINGS LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 04885592

		25 October 2025		26 October 2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		285,901		285,901

			285,901		285,901
CURRENT ASSETS
Debtors	5	13,858,113		13,824,369
Cash at bank and in hand		1,229		79,902

		13,859,342		13,904,271
Creditors: Amounts Falling Due Within One Year	6	(9,055,240 )		(9,265,769 )

NET CURRENT ASSETS (LIABILITIES)			4,804,102		4,638,502

TOTAL ASSETS LESS CURRENT LIABILITIES			5,090,003		4,924,403

Creditors: Amounts Falling Due After More Than One Year	7		(7,393,199 )		(7,393,199 )

NET LIABILITIES			(2,303,196 )		(2,468,796 )

CAPITAL AND RESERVES
Called up share capital	8		227,050		227,050
Profit and Loss Account			(2,530,246 )		(2,695,846 )

SHAREHOLDERS' FUNDS			(2,303,196)		(2,468,796)

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MEDINA HOLDINGS LIMITED

Balance Sheet (continued)

As At 25 October 2025

For the period ending 25 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Sheazad Hussain

Director

30/06/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

MEDINA HOLDINGS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 04885592 . The registered office is Medina Dairy House, Vale Road, Windsor, Berkshire, SL4 5JL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The principal accounting policies adopted are described below and have been applied consistently throughout the current and preceding period.

The company has opted to apply section 390 (3) of the Companies Act 2006. This permits the company to end its financial year on 25 October 2025 (2024: 26 October 2024) as it is not more than seven days after or before the end of the year dated 27 October 2025 (2024: 27 October 2024).

The functional currency of the company is considered to be British pounds sterling because that is the currency of the primary economic environment in which the company operates.

Medina Holdings Limited meets the definition of a qualifying entity under FRS 102 and has therefore taken advantage of the disclosure exemptions available to it in respect of its financial statements

2.2. Going Concern Disclosure

The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. These could relate to the completion of a merger of the group with Nijjar Group Freshway Holdings Ltd, as approved by the CMA , the outcome of the CVA for one member of the group and alternative actions that may be undertaken by the directors. However, the going concern basis remains appropriate.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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MEDINA HOLDINGS LIMITED

Notes to the Financial Statements (continued)

For the Period 27 October 2024 to 25 October 2025

3. Average Number of Employees

Average number of employees, including directors, during the period was: NIL (2024: NIL)

4. Investments

	Subsidiaries
	£
Cost or Valuation
As at 27 October 2024	285,901

As at 25 October 2025	285,901

Provision
As at 27 October 2024	-

As at 25 October 2025	-

Net Book Value
As at 25 October 2025	285,901

As at 27 October 2024	285,901

Principal investments

The company holds 100% of the Ordinary share capital of the following companies each of which is incorporated in England and Wales and has its registered offices at Medina House, Shirley Avenue, Windsor, Berkshire, SL4 5LH.

Subsidiary undertakings Principal activity

Watson’s Dairies Limited Processing and wholesale distribution of milk

Medina Food Services Limited Dormant

5. Debtors

	25 October 2025	26 October 2024
	£	£
Due within one year
Trade debtors	307,911	254,745
Amounts owed by group undertakings	13,383,719	13,386,661
Other debtors	166,483	182,963

	13,858,113	13,824,369

Amounts due from or to other group undertakings are unsecured, interest free and repayable on demand.

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MEDINA HOLDINGS LIMITED

Notes to the Financial Statements (continued)

For the Period 27 October 2024 to 25 October 2025

6. Creditors: Amounts Falling Due Within One Year

	25 October 2025	26 October 2024
	£	£
Trade creditors	106,209	56,578
Muller Settlement	1,233,322	1,313,322
Amounts owed to group undertakings	6,465,089	6,489,540
Other creditors	1,250,620	999,468
Taxation and social security	-	406,861

	9,055,240	9,265,769

Amounts due from or to other group undertakings are unsecured, interest free and repayable on demand.

7. Creditors: Amounts Falling Due After More Than One Year

	25 October 2025	26 October 2024
	£	£
Investor's loan	7,393,199	7,393,199

The investor’s loan is non-interest bearing and is secured by debenture on various assets and businesses of the Group. However, on final settlement there is a premium payable based on the uplift in value of certain freehold properties of the group (see note below).

8. Share Capital

	25 October 2025	26 October 2024
	£	£
Allotted, Called up and fully paid	227,050	227,050

227,050 Ordinary shares of £1.00 each

9. Contingent Liabilities

As mentioned above, the Investor’s loan to Medina Holdings Ltd contains repayment terms that allow for a premium on settlement calculated as a proportion of the uplift in value of certain Group freehold properties. An estimate of this liability has been reflected in these financial statements.

10. Post Balance Sheet Events

Having received Competition and Markets Authority (CMA) approval in 2023, the Medina group is planning to complete the merger later with Nijjar Group Freshway Holdings Ltd, a company operating in the same market.

11. Related Party Transactions

In accordance with FRS 102 Section 33 transactions with other group undertakings within, and investee related parties of, the Medina Group of companies have not been disclosed in these financial statements

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MEDINA HOLDINGS LIMITED

Notes to the Financial Statements (continued)

For the Period 27 October 2024 to 25 October 2025

12. Ultimate Controlling Party

The ultimate parent company is MHL Group Holdings Limited which is incorporated in Great Britain. MHL Group Holdings Limited is the only company that consolidates the financial results of this company. Copies of the financial statements of MHL Group Holdings Limited can be obtained from its registered office at Medina House, Shirley Avenue, Windsor, Berkshire, SL4 5LH.

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