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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

A.Welton Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is D.H.Welton & Co Ltd, Corn Street, Failsworth, Manchester, M35 0UE.

The prior period was the first accounting period from incorporation on 9 December 2023, to 31 December 2024, representing a lengthened period. Consequently, as this period is a 12 month period, the balances presented for the period within the financial statements (including the related notes) are not entirely comparable with the prior period.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, based on the continued financial support of group companies.

At the balance sheet date, other creditors: amounts falling due within one year, includes £120,000 deferred consideration. A fellow group company has confirmed they will provide cash flow support should A.Welton Holdings Limited require it to settle the balance.

In addition, other creditors: amounts falling due after more than one year, includes £5,012 owed to fellow group companies. This group liability will not be sought until cash flow permits.

Thus, the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Dividend income receivable from subsidiary companies is recognised in the period they are voted.

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

In 2024, the company purchased the shares of ANW Holdings Limited resulting in deferred consideration of £900,000 to be repaid over five years. This is included within other creditors. The balance incurs no interest. As a result, this should have been discounted to a present value using a market rate of interest. As such, a prior year restatement has been processed to ensure the financial statements are on a comparable basis.

As a result of the prior year adjustment, interest payable for 2024 increased by £55,825, based on the market rate of interest of 8.5%. Profit for the period has decreased by £55,825. The value of the deferred consideration has decreased by £187,415 and the value of the investment in subsidiaries has fallen by £243,239. Therefore, the net assets as at 31 December 2024 have decreased by £55,825.

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

The carrying value of shares held in subsidiaries is assessed at each balance sheet date, considering future profitability, cash flow and the likely sales value to ascertain if there is any permanent diminution in value.

As at 31 December 2025, there has been no impairments to the investment (2024: Nil)

Refer to Note 5, showing the fixed assets investment balance impacted by this key accounting estimate

In 2024, the company acquired the shares in ANW Holdings Limited for £900,000 which is being repaid over 5 years and incurs no interest. At 31 December 2025, the actual liability is £600,000 (2024: £780,000).

In accordance with FRS 102, the creditor has been recognised initially at its present value using a market rate of interest for a comparable borrowing. The director has applied a discount rate of 8.5% per annum based on their assessment of the rate that would have been available to the company for a similar unsecured borrowing with comparable terms.

The valuation of the liability is sensitive to changes in both the discount rate applied and the expected timing of repayment. A change in either assumption would result in a corresponding charge to the carrying value of the liability on initial recognition and the amount of finance expense recognised over the remaining term of the facility.

The director considers that the assumptions adopted represent their best estimate based on the information available at the reporting date. However, if the expected repayment date or an appropriate market borrowing rate were to differ from those estimates, the carrying amount of the liability and the related finance costs recognised in future periods could be materially affected.

Refer to note 9 to see the value of other creditors impacted by this accounting estimate.

The average monthly number of persons employed by the company during the year was:

Details of the company's subsidiaries at 31 December 2025 are as follows:

Registered office addresses (all UK unless otherwise indicated):

Other creditors includes £120,000 (2024: £120,000) deferred consideration following the acquisition of ANW Holdings Ltd in 2024.

Other creditors represents the discounted liability of deferred consideration at year end. The absolute liability payable by 30 April 2029 is £600,000 (2024: £780,000). The balance has been discounted using an interest rate of 8.5%, being the market rate which would be charged by a financial institution.

Share capital of £100 is unpaid.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 December 2025 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.

Dividends totalling £39,920 (2024: £24,034) were paid in the year in respect of shares held by the company's director.