REGISTERED NUMBER: 07346124 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2025

FOR

THE FORBIDDEN CORNER LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

8

Report of the Independent Auditors

10

Income Statement

14

Other Comprehensive Income

15

Balance Sheet

16

Statement of Changes in Equity

17

Cash Flow Statement

18

Notes to the Cash Flow Statement

19

Notes to the Financial Statements

21

DIRECTORS:

C R Armstrong

N R Armstrong

REGISTERED OFFICE:

Tupgill Estate Office

Coverham

Middleham

Leyburn

North Yorkshire

DL8 4TJ

REGISTERED NUMBER:

07346124 (England and Wales)

AUDITORS:

Walter Dawson & Son

Chartered Accountants

Unit 4 Beckside Court

Leyburn Business Park

Leyburn

North Yorkshire

DL8 5QA

The directors present their strategic report for the year ended 30 December 2025.

The principal activities of The Forbidden Corner Limited during the year were the operation of a diversified tourism, leisure, hospitality and accommodation business based in North Yorkshire.

The Company's operations comprise:

- The Forbidden Corner tourist attraction, welcoming approximately 100,000 visitors annually, principally between March and December;

- Nine bed and breakfast accommodation units;

- Seven holiday cottages;

- A fine dining restaurant;

- A pizza restaurant; and

- A wedding and events venue.

The Company's business model is based on operating these complementary activities as an integrated destination, enabling visitors to experience the attraction, accommodation, food and beverage and events offerings.

The diversity of the Company's activities provides a number of different income streams and reduces reliance on any single area of the business.

The year ended 30 December 2025 was another significant year for The Forbidden Corner Limited, with the Company continuing to operate and develop its tourist attraction, accommodation, restaurant and events businesses.

The Forbidden Corner remains the Company's principal visitor attraction and welcomed approximately 120,000 visitors during 2025, compared with 105,000 in the previous year.

The Company continues to develop its wider hospitality offering around the attraction. The accommodation portfolio, comprising nine bed and breakfast units and seven holiday cottages, provides opportunities to extend customers' stays and generate revenue independently of day visitors.

The Company's food and beverage operations comprise a fine dining restaurant and pizza restaurant, providing different dining experiences for visitors, accommodation guests, local customers and event guests.

The wedding and events operation provides an additional significant revenue stream and enables the Company to utilise its facilities for weddings, private functions, corporate events and other occasions.

Management continues to focus on delivering a high-quality customer experience across all areas of the business while maintaining appropriate control over costs and investment

REVIEW OF BUSINESS

The Forbidden Corner remains the Company's principal tourism attraction.

The attraction welcomes approximately 100,000 + visitors annually and operates predominantly between March and December. Visitor numbers are affected by seasonal demand, school holidays, weather conditions, tourism trends and wider economic circumstances.

During 2025, management continued to focus on maintaining the attraction, improving the visitor experience and ensuring that facilities remain appropriate for the volume and nature of visitors.

The attraction also provides an important customer base for the Company's wider hospitality operations.

The Company's operations are subject to significant seasonal variations.

The principal attraction operates predominantly between March and December, with visitor numbers influenced by weather, school holidays, tourism patterns and consumer confidence.

The accommodation, restaurant and events operations are also affected by seasonal demand.

Management continues to consider opportunities to increase trading during traditionally quieter periods and to improve utilisation of the Company's facilities throughout the year.

PRINCIPAL RISKS AND UNCERTAINTIES

The Directors regularly consider the principal risks and uncertainties facing the Company.

The principal risks identified include the following.

Seasonality and Weather

Visitor numbers are significantly influenced by seasonal trading patterns and weather conditions. Poor weather during key trading periods could adversely affect visitor numbers and associated revenue.

The Company seeks to mitigate this risk through its diversified operations, including accommodation, restaurants and events, together with appropriate forward planning and cost management.

Consumer Spending

The Company's performance is affected by consumers' disposable income and their willingness to spend on leisure activities, accommodation, dining and events.

Management monitors market conditions, pricing and customer demand and seeks to provide a range of products and experiences appropriate to different customer requirements.

Staffing and Recruitment

The Company's operations are labour intensive and depend upon the recruitment and retention of suitably skilled employees.

The Company seeks to mitigate this risk through appropriate recruitment processes, employee training, development, engagement and the maintenance of appropriate employment policies and procedures.

Cost Inflation

The Company is exposed to increases in food, energy, utilities, insurance, maintenance, wages and other operating costs.

Management monitors expenditure and reviews pricing, purchasing and operational efficiency to manage the impact of cost increases.

Economic Conditions

Changes in the wider economic environment, including interest rates, inflation, employment levels and consumer confidence, may affect demand for discretionary leisure, accommodation, restaurant and event expenditure.

Management continues to monitor economic conditions and adapt the Company's operations where appropriate.

BUSINESS MODEL AND STRATEGY

The Company's strategy is to operate The Forbidden Corner and its associated businesses as a diversified destination offering a combination of tourism, leisure, accommodation, food, beverage and events.

The Company's principal strategic objectives are to:

- Maintain and develop visitor numbers to The Forbidden Corner;

- Continue to improve the visitor experience;

- Encourage repeat visitation and recommendations;

- Maximise the commercial opportunities generated by the attraction's visitor base;

- Increase occupancy and revenue across the bed and breakfast units and holiday cottages;

- Develop the fine dining and pizza restaurant businesses;

- Grow the weddings and events operation;

- Increase the utilisation of the Company's facilities outside peak visitor periods;

- Maintain high standards of customer service;

- Recruit, retain and develop appropriately skilled employees;

- Maintain effective cost control;

- Invest selectively in buildings, attractions, accommodation and facilities;

- Improve operational efficiency; and

- Maintain the Company's long-term financial sustainability.

Management will continue to assess the performance of each business area and consider opportunities for further development where these support the Company's overall strategy.

ENVIRONMENTAL MATTERS

The Company recognises its responsibility to operate its businesses responsibly and to consider the environmental impact of its activities.

Management continues to consider opportunities to:

- Reduce energy consumption;

- Reduce waste;

- Improve recycling and waste management;

- Use resources efficiently;

- Reduce unnecessary consumption;

- Improve energy efficiency within buildings and facilities; and

- Consider environmental factors when undertaking future investment.

Where appropriate, environmental considerations will be incorporated into future investment and operational decisions.

GOING CONCERN

The Company continues to consider investment in its attraction, accommodation, restaurants, events facilities, buildings and wider infrastructure.

Investment decisions are assessed against the Company's strategic objectives, expected customer benefit, operational requirements and available financial resources.

Future investment will be considered in accordance with the Company's financial position and long-term strategy.

The Company intends to continue developing its position as a diversified tourism and hospitality destination.

The key areas of focus for the coming year are expected to include:

1. Maintaining and developing visitor numbers to The Forbidden Corner;

2. Improving the visitor experience;

3. Increasing accommodation occupancy and revenue;

4. Developing the fine dining restaurant;

5. Developing the pizza restaurant;

6. Increasing wedding and event bookings;

7. Maximising opportunities for cross-selling between the Company's businesses;

8. Improving utilisation during quieter trading periods;

9. Maintaining appropriate staffing levels and developing employees;

10. Managing inflationary and other operating costs;

11. Investing appropriately in the Company's facilities; and

12. Maintaining the Company's long-term financial sustainability.

Management will continue to monitor market conditions, customer demand, costs and operational performance and will adapt the Company's strategy where appropriate.

The Directors have reviewed the Company's financial position, cash flow forecasts and future trading expectations for the period of at least twelve months from the date of approval of the financial statements.

The Directors have considered the Company's ability to meet its liabilities as they fall due, including the impact of seasonal trading and reasonably foreseeable changes in trading conditions.

Based on this assessment, the Directors have considered appropriate mitigating actions available to the Company in the event of trading performance being below expectations.

The Directors are confident in the Company's ability to continue operating effectively and to meet its ongoing obligations. The Directors remain committed to supporting the future development and growth of The Forbidden Corner Limited and, should additional funding be required, the Directors have confirmed their intention to provide appropriate financial support to the Company through additional capital or other funding as necessary.

SUMMARY

The Directors consider that the Company's diversified business model provides a sound platform for the continued development of The Forbidden Corner and its associated tourism, accommodation, hospitality and events operations.

The Company will continue to focus on customer experience, operational efficiency, employee development, appropriate investment and financial sustainability.

Management remains focused on developing each area of the business while ensuring that the Company's resources are deployed effectively and that decisions support the Company's long-term objectives.

ON BEHALF OF THE BOARD:

N R Armstrong - Director

4 October 2026

The directors present their report with the financial statements of the company for the year ended 30 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of of a diversified tourism, leisure, hospitality and accommodation business based in North Yorkshire.

DIVIDENDS

No dividends will be distributed for the year ended 30 December 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 31 December 2024 to the date of this report.

C R Armstrong

N R Armstrong

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). 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 ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Walter Dawson & Son, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

N R Armstrong - Director

4 October 2026

Qualified Opinion

We have audited the financial statements of The Forbidden Corner Limited (the 'company') for the year ended 30 December 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the 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, except for the possible effects of the matter described in the basis for qualified opinion section of our report, the financial statements:

- give a true and fair view of the state of the company's affairs as at 30 December 2025 and of its 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 qualified opinion

The prior year financial statements were not audited. We were unable to satisfy ourselves by alternative means that the opening balances of these financial statements at 1 January 2025 were free from material misstatement. Consequently, we have been unable to determine whether any adjustment to these balances were necessary.

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 Auditor’s 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 qualified 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 matter

The 2024 financial statements of the company, and therefore the comparative figures in these financial statements, were not audited.

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 eight, 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.

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:

Our approach to identifying and assessing the risk 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 discussion with directors and other management, and form our commercial knowledge and experience of the sector;

- we focussed on specific laws and regulations which considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation;

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

- 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 a 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.

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

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

- tested journal entries to identify unusual transactions;

- 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.

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;

- reading the minutes of meetings of those charged with governance;

- enquiring of management as to actual and potential litigation and claims; and

- reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, and the company's legal advisors.

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.

John Richard Hall (Senior Statutory Auditor)

for and on behalf of Walter Dawson & Son

Chartered Accountants

Unit 4 Beckside Court

Leyburn Business Park

Leyburn

North Yorkshire

DL8 5QA

6 October 2026

TURNOVER

4,139,593

3,499,210

Cost of sales

961,649

945,873

GROSS PROFIT

3,177,944

2,553,337

Administrative expenses

3,166,445

2,770,336

OPERATING PROFIT/(LOSS)

4

11,499

(216,999

)

Interest receivable and similar income

-

5

11,499

(216,994

)

Interest payable and similar expenses

5

44,525

46,276

LOSS BEFORE TAXATION

(33,026

)

(263,270

)

Tax on loss

6

99,178

54,262

LOSS FOR THE FINANCIAL YEAR

(132,204

)

(317,532

)

LOSS FOR THE YEAR

(132,204

)

(317,532

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(132,204

)

(317,532

)

FIXED ASSETS

Intangible assets

7

9,032

-

Tangible assets

8

11,492,750

11,503,704

11,501,782

11,503,704

CURRENT ASSETS

Stocks

9

111,458

66,421

Debtors

10

2,109,212

2,432,069

Cash at bank and in hand

308,597

123,779

2,529,267

2,622,269

CREDITORS

Amounts falling due within one year

11

810,770

712,376

NET CURRENT ASSETS

1,718,497

1,909,893

TOTAL ASSETS LESS CURRENT LIABILITIES

13,220,279

13,413,597

CREDITORS

Amounts falling due after more than one year

12

(401,651

)

(443,800

)

PROVISIONS FOR LIABILITIES

14

(77,632

)

(96,597

)

NET ASSETS

12,740,996

12,873,200

CAPITAL AND RESERVES

Called up share capital

15

4,397

4,397

Share premium

16

13,771,183

13,771,183

Profit and loss account

16

(1,034,584

)

(902,380

)

SHAREHOLDERS' FUNDS

12,740,996

12,873,200

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2026 and were signed on its behalf by:

N R Armstrong - Director

Called up

Profit

share

and loss

Share

Total

capital

account

premium

equity

£

£

£

£

Balance at 1 January 2024

600

(584,848

)

9,527,200

8,942,952

Changes in equity

Issue of share capital

3,797

-

4,243,983

4,247,780

Total comprehensive income

-

(317,532

)

-

(317,532

)

Balance at 30 December 2024

4,397

(902,380

)

13,771,183

12,873,200

Changes in equity

Total comprehensive income

-

(132,204

)

-

(132,204

)

Balance at 30 December 2025

4,397

(1,034,584

)

13,771,183

12,740,996

Cash flows from operating activities

Cash generated from operations

1

976,208

(3,120,771

)

Interest paid

(35,432

)

(37,183

)

Interest element of hire purchase or finance lease rental payments paid

(9,093

)

(9,093

)

Tax paid

(20,000

)

-

Net cash from operating activities

911,683

(3,167,047

)

Cash flows from investing activities

Purchase of intangible fixed assets

(10,036

)

-

Purchase of tangible fixed assets

(390,002

)

(950,100

)

Sale of tangible fixed assets

6,745

-

Interest received

-

5

Net cash from investing activities

(393,293

)

(950,095

)

Cash flows from financing activities

Loan repayments in year

(57,973

)

(41,999

)

Amount withdrawn by directors

(262,402

)

-

Share issue

-

4,248,380

Net cash from financing activities

(320,375

)

4,206,381

Increase in cash and cash equivalents

198,015

89,239

Cash and cash equivalents at beginning of year

2

(27,772

)

(117,011

)

Cash and cash equivalents at end of year

2

170,243

(27,772

)

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

Period

1.1.24

Year Ended

to

30.12.25

30.12.24

£

£

Loss before taxation

(33,026

)

(263,270

)

Depreciation charges

378,386

395,892

Loss on disposal of fixed assets

16,829

9,324

Movement in provisions

(18,965

)

33,481

Finance costs

44,525

46,276

Finance income

-

(5

)

387,749

221,698

(Increase)/decrease in stocks

(45,037

)

12,375

Decrease/(increase) in trade and other debtors

569,766

(2,400,244

)

Increase/(decrease) in trade and other creditors

63,730

(954,600

)

Cash generated from operations

976,208

(3,120,771

)

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 30 December 2025

30.12.25

31.12.24

£

£

Cash and cash equivalents

308,597

123,779

Bank overdrafts

(138,354

)

(151,551

)

170,243

(27,772

)

Period ended 30 December 2024

30.12.24

1.1.24

£

£

Cash and cash equivalents

123,779

73,889

Bank overdrafts

(151,551

)

(190,900

)

(27,772

)

(117,011

)

3.	ANALYSIS OF CHANGES IN NET DEBT

At 31.12.24

Cash flow

At 30.12.25

£

£

£

Net cash

Cash at bank and in hand

123,779

184,818

308,597

Bank overdrafts

(151,551

)

13,197

(138,354

)

(27,772

)

198,015

170,243

Debt

Debts falling due within 1 year

(196,533

)

4,179

(192,354

)

Debts falling due after 1 year

(443,800

)

42,149

(401,651

)

(640,333

)

46,328

(594,005

)

Total

(668,105

)

244,343

(423,762

)

1.	STATUTORY INFORMATION

The Forbidden Corner 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.

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.

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 a business in 2010, is being amortised evenly over its estimated useful life of ten 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.

Deed of easement are being amortised evenly over their estimated useful life of ten years.

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

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

25% 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 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.

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 pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

Period

1.1.24

Year Ended

to

30.12.25

30.12.24

£

£

Wages and salaries

1,478,982

1,333,804

Social security costs

115,469

89,440

Other pension costs

34,255

24,225

1,628,706

1,447,469

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

Period

1.1.24

Year Ended

to

30.12.25

30.12.24

87

59

Period

1.1.24

Year Ended

to

30.12.25

30.12.24

£

£

Directors' remuneration

24,000

-