REGISTERED NUMBER: 01415925 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

J. A. JEWITT (MEAT) LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Statement of Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12

DIRECTORS:

Mrs V Jewitt

Mr M D Jewitt

Mrs C J Jewitt

Mr W D Jewitt

SECRETARY:

Mrs V Jewitt

REGISTERED OFFICE:

Low House Farm

Middlestone Moor

Spennymoor

Co. Durham

DL16 7QD

REGISTERED NUMBER:

01415925 (England and Wales)

SENIOR STATUTORY AUDITOR:

Donald Adams FCA

AUDITORS:

Baines Jewitt Limited

Statutory Auditors

Spitfire House

19 Falcon Court

Preston Farm Industrial Estate

Stockton-on-Tees

TS18 3TU

The directors present their strategic report for the year ended 31 March 2026.

REVIEW OF BUSINESS

The company has had another good year despite the issues within the economy at large. Turnover was £62,804,047 compared with £55,499,183 last year, gross profit was £4,101,494 compared with £3,556,435 and net profit for the year before taxation was £2,508,180 compared with £1,977,079.

The key performance indicators are:

Year ended

Year ended

31st March 2026

31st March 2025

£

£

Turnover

62,804,047

55,499,183

Gross profit as % of turnover

6.54%

6.41%

Profit before tax

2,508,180

1,977,079

PRINCIPAL RISKS AND UNCERTAINTIES

The directors are of the opinion that a thorough risk management process is adopted and they have set out below what they consider to be the principal risks facing the business:

Economic climate

During times of economic instability there can often be more pronounced peaks and troughs in the market, which can result in difficulties in forecasting stock levels to cope with demand levels and maximise opportunities. To mitigate this risk the company works closely with its customers and suppliers to ensure demand is met and that the company is well positioned to respond to changes as and when they arise.

Competition

The market in which we operate continues to be increasingly competitive and, as a result, there is constant downward pressure on prices and margins. We are subject to competition nationally but this has been so for many years and more and will continue to be the case. However, we work closely with our customers to make their lives easy, taking time to understand their requirements and deliver bespoke solutions that seamlessly fit into their manufacturing processes. The directors are always striving to maintain and promote customer service as well as monitoring the markets and the company's pricing to mitigate such risks.

Interest rate risk

Interest rate risk is the exposure to interest rate fluctuations on bank loans and overdrafts etc. The group does not have any such borrowings as it has been the directors' policy to retain and re-invest as much of the post-tax profits as possible so as not to need external finance.

Credit risk

The group trades with only recognised businesses in the industry, both local and further afield. All customers are initially subject to credit vetting procedures and receivable balances are monitored on an ongoing basis.

Liquidity and cash flow

Liquidity and cash flow risk is the risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities. The directors' aim is to retain sufficient levels of post-tax profits to maintain/increase its reserves to enable the group to continue to grow.

Skills availability (people)

Our people are central to our success, with many being in the business since its inception. They're passionate about what they do and have a huge amount of industry knowledge at their fingertips, from production to customer service. Many of our management team have been promoted from within and we encourage our staff to make the most of our personal development policies.

ON BEHALF OF THE BOARD:

Mr M D Jewitt - Director

7 October 2026

The directors present their report with the financial statements of the company for the year ended 31 March 2026.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of wholesale meat suppliers.

DIVIDENDS

The total distribution of dividends for the year ended 31 March 2026 will be £105,000.

No dividends were paid on the Preferred Ordinary shares during the year.

DIRECTORS

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

Mrs V Jewitt

Mr M D Jewitt

Mrs C J Jewitt

Mr W D Jewitt

DISCLOSURE IN THE STRATEGIC REPORT

The principal risks and uncertainties facing the company and the likely future developments have been outlined within the Strategic 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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 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 company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

Mr M D Jewitt - Director

7 October 2026

Opinion

We have audited the financial statements of J. A. Jewitt (Meat) Limited (the 'company') for the year ended 31 March 2026 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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 March 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 four, 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:

Based on our understanding of the company and industry, we identified that the principal risks of non-compliance with laws and regulations related to Health & Safety, Food Standards, Animal welfare and Employment law, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006.

We evaluated management's opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls). Audit procedures performed by the engagement team included:

-

discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulation and fraud;

-

evaluation and testing of the operating effectiveness of management's controls designed to prevent and detect irregularities;

-

challenging assumptions and judgements made by management in their significant accounting estimates; and

-

identifying and testing journal entries, in particular any journal entries posted with unusual account combinations or posted by senior management.

There are inherent limitations in the audit procedures described above and the further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, 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 deliberate concealment by, for example, forgery or intentional misrepresentations, or through 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.

Donald Adams FCA (Senior Statutory Auditor)

for and on behalf of Baines Jewitt Limited

Statutory Auditors

Spitfire House

19 Falcon Court

Preston Farm Industrial Estate

Stockton-on-Tees

TS18 3TU

7 October 2026

TURNOVER

3

62,804,047

55,499,183

Cost of sales

58,702,553

51,942,748

GROSS PROFIT

4,101,494

3,556,435

Administrative expenses

1,670,093

1,653,174

2,431,401

1,903,261

Other operating income

7,175

3,708

OPERATING PROFIT

6

2,438,576

1,906,969

Interest receivable and similar income

69,747

70,363

2,508,323

1,977,332

Interest payable and similar expenses

7

143

253

PROFIT BEFORE TAXATION

2,508,180

1,977,079

Tax on profit

8

642,511

509,216

PROFIT FOR THE FINANCIAL YEAR

1,865,669

1,467,863

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,865,669

1,467,863

FIXED ASSETS

Tangible assets

10

7,195,027

7,304,640

Investments

11

55

55

7,195,082

7,304,695

CURRENT ASSETS

Stocks

12

1,039,478

1,204,794

Debtors

13

6,110,233

6,878,094

Cash at bank and in hand

7,433,766

3,413,215

14,583,477

11,496,103

CREDITORS

Amounts falling due within one year

14

4,156,727

2,933,350

NET CURRENT ASSETS

10,426,750

8,562,753

TOTAL ASSETS LESS CURRENT LIABILITIES

17,621,832

15,867,448

PROVISIONS FOR LIABILITIES

15

476,445

482,730

NET ASSETS

17,145,387

15,384,718

CAPITAL AND RESERVES

Called up share capital

16

2,000

2,000

Retained earnings

17

17,143,387

15,382,718

SHAREHOLDERS' FUNDS

17,145,387

15,384,718

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2026 and were signed on its behalf by:

Mr M D Jewitt - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2024

2,000

14,014,855

14,016,855

Changes in equity

Dividends

-

(100,000

)

(100,000

)

Total comprehensive income

-

1,467,863

1,467,863

Balance at 31 March 2025

2,000

15,382,718

15,384,718

Changes in equity

Dividends

-

(105,000

)

(105,000

)

Total comprehensive income

-

1,865,669

1,865,669

Balance at 31 March 2026

2,000

17,143,387

17,145,387

1.	STATUTORY INFORMATION

J. A. Jewitt (Meat) 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 presentation currency of the financial statements is the Pound Sterling (£).

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.

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 33.7.

The company has taken advantage of the exemption on the grounds that its parent company, J. A. Jewitt, prepares consolidated financial statements and these are available at Companies House.

Turnover

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

Tangible fixed assets

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

Freehold land and property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

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.

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.

3.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

2026

2025

£

£

Sale of goods

62,763,772

55,458,908

Rents received

40,275

40,275

62,804,047

55,499,183

An analysis of turnover by geographical market is given below:

2026

2025

£

£

United Kingdom

58,184,022

50,910,736

Europe

4,620,025

4,588,447

62,804,047

55,499,183

4.	EMPLOYEES AND DIRECTORS

2026

2025

£

£

Wages and salaries

3,254,935

3,252,026

Social security costs

436,189

351,731

Other pension costs

214,842

178,684

3,905,966

3,782,441

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

2026

2025

Management

4

4

Office

4

4

Production

69

69

77

77

5.	DIRECTORS' EMOLUMENTS

2026

2025

£

£

Directors' remuneration

268,400

268,350

Directors' pension contributions to money purchase schemes

147,964

114,928

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

3

3

Information regarding the highest paid director is as follows:

2026

2025

£

£

Emoluments etc

87,400

88,600

Pension contributions to money purchase schemes

49,322

49,347

6.	OPERATING PROFIT

The operating profit is stated after charging:

2026

2025

£

£

Hire of plant and machinery

9,121

12,175

Depreciation - owned assets

490,960

439,849

Loss on disposal of fixed assets

13,584

4,942

Auditors' remuneration

20,000

20,000

Other non- audit services

24,000

20,000

Foreign exchange (gains) or losses

12,500

446

7.

INTEREST PAYABLE AND SIMILAR EXPENSES

2026

2025

£

£

Interest on overdue tax

143

253

8.

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

648,796

465,537

Deferred tax

(6,285

)

43,679

Tax on profit

642,511

509,216

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

2,508,180

1,977,079

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

627,045

494,270

Effects of:

Adjustments to tax charge in respect of previous periods

-

(764

)

Movement in pension accrual

27

272

Depreciation on assets not qualifying for tax allowance

15,439

15,438

taxation to 25%

Total tax charge

642,511

509,216

9.

DIVIDENDS

2026

2025

£

£

Ordinary shares of £1 each

Interim

105,000

100,000

10.	TANGIBLE FIXED ASSETS

Freehold

land and

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2025

6,682,368

2,941,018

1,762,402

11,385,788

Additions

5,800

230,793

169,838

406,431

Disposals

-

(25,436

)

(23,019

)

(48,455

)

At 31 March 2026

6,688,168

3,146,375

1,909,221

11,743,764

DEPRECIATION

At 1 April 2025

1,257,718

2,003,445

819,985

4,081,148

Charge for year

79,351

158,859

252,750

490,960

Eliminated on disposal

-

(11,421

)

(11,950

)

(23,371

)

At 31 March 2026

1,337,069

2,150,883

1,060,785

4,548,737

NET BOOK VALUE

At 31 March 2026

5,351,099

995,492

848,436

7,195,027

At 31 March 2025

5,424,650

937,573

942,417

7,304,640

Included in cost of land and buildings is freehold land of £ 2,691,320 (2025 - £ 2,691,320 ) which is not depreciated.

11.	FIXED ASSET INVESTMENTS

Interest in

joint

venture

£

COST

At 1 April 2025

and 31 March 2026

55

NET BOOK VALUE

At 31 March 2026

55

At 31 March 2025

55

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Joint venture

D J Developments (North East) Limited

Registered office: Humbleton Park, West Auckland Road, Darlington, County Durham, England, DL2 2XX

Nature of business: Property developer

%

Class of shares:

holding

A Ordinary

55.00

Investments in joint ventures represent a 55% holding of "A" Ordinary shares in D J Developments (North East) Limited, which is a development company incorporated in England and Wales.

In the year to 31 March 2025, D J Developments (North East) Limited sold the land that it had been developing and returned all of the funds that J.A. Jewitt (Meat) Limited had previously invested, leaving the nominal value of the share capital as the carrying value. It is envisaged that D J Developments (North East) Limited will make a final distribution towards the end of 2026 and will then be dissolved.

12.

STOCKS

2026

2025

£

£

Livestock

113,130

385,298

Finished goods and goods for resale

926,348

819,496

1,039,478

1,204,794

13.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

5,594,114

5,300,064

Amounts owed by group undertakings

135,787

327,969

Other debtors

40,000

80,000

Directors' current accounts

-

849,136

Corporation tax

-

43,666

VAT

173,105

168,031

Prepayments and accrued income

167,227

109,228

6,110,233

6,878,094