REGISTERED NUMBER: 12216833 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2026

FOR

CHARLES TRENT PROPERTY LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Statement of Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Cash Flow Statement

11

Notes to the Cash Flow Statement

12

Notes to the Financial Statements

13

DIRECTORS:

M J Trent

N Trent

SECRETARY:

M J Trent

REGISTERED OFFICE:

Trent House

8 Georges Avenue

Parkstone

Poole

Dorset

BH12 4ND

REGISTERED NUMBER:

12216833 (England and Wales)

AUDITORS:

Cook & Partners Limited

Statutory Auditor

Manufactory House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

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

REVIEW OF BUSINESS

Charles Trent Property Limited is a standalone property investment company. During the year, the fair value of the property portfolio decreased from £27.7 million to £25.7 million, reflecting both market movements and property sales. The portfolio remains fully let under long-term lease arrangements.

The directors consider company performance for the year to be satisfactory in light of current market conditions.

PRINCIPAL RISKS AND UNCERTAINTIES

The company monitors a range of risks, including interest rate, liquidity risk, impairment risk, tenant risk, and changes to planning policy. The company continues to monitor commercial property valuations and tenant demand as part of its risk management processes.

Interest rate risk

The risk of interest rates increasing could result in loss of rental income and increased bank loan repayments. Currently all rental income is received up to date. Charles Trent Limited is responsible for a large portion of rental income therefore the directors do not deem this risk to be material. While interest rates had been a material concern, recent market trends indicate a peak and expected decline, reducing this as a key risk.

Liquidity risk

The company seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable cash flow needs and to invest cash assets safely and profitably.

Impairment risk

The company uses the cost model for valuing property, plant and equipment, therefore a price drop in the property market could create a impairment risk on the valuation of assets. In the year one property was independently revalued at substantially higher than the carrying value therefore the directors do not deem this risk to be material.

FUTURE DEVELOPMENTS

Property remains a key strategic asset class for the wider group. The company will continue to evaluate opportunities to acquire, dispose of, or redevelop properties to enhance the long-term value of the portfolio.

ON BEHALF OF THE BOARD:

M J Trent - Director

15th October 2026

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

DIVIDENDS

No dividends will be distributed for the year ended 31st January 2026.

DIRECTORS

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

M J Trent

N Trent

Other changes in directors holding office are as follows:

J Trent - deceased 3rd October 2025

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, Cook & Partners Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

M J Trent - Director

15th October 2026

Opinion

We have audited the financial statements of Charles Trent Property Limited (the 'company') for the year ended 31st January 2026 which comprise the Statement of 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 the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31st January 2026 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 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 three, 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:

Explanation as to what extent the audit was considered capable of detecting irregularities, including Fraud.

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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Auditors approach to assessing the risks of material misstatement due to irregularities, including fraud.

Our approach was as follows:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity. The following laws and regulations are considered to be significant to the entity:

Financial reporting Standard 102

Companies Act 2006

UK General Data Protection Regulation

We assessed the risks of material misstatement in respect of fraud as follows:

>Discussed the risk of material misstatement due to irregularities, including fraud with management at the planning stage to confirm that risks had been adequately identified and that the controls in place are sufficient for the size and nature of the business to reduce those risks to an acceptably low level.

>Undertook an initial analytical review of the financial statements to identify any potentially unusual or unexpected relationships or high risk audit areas.

>Completed a risk assessment checklist to aid in the identification of Risks for a company of this size and nature.

>We considered the risk of fraud through management override of controls, a common risk in a company of this size and nature, in response; we incorporated testing of manual journal entries into our audit approach and undertook a purely substantive approach to the audit with no reliance placed on controls.

>Accounting policies were reviewed at the planning stage to identify any subjective measurements or complex transactions where management would have the potential to show bias.

>Ensured all in the audit team are aware of the risks identified and particular areas that were susceptible to misstatement and during the audit planning meeting.

>Throughout the audit additional substantive testing was undertaken in areas where there was perceived to be a medium or high risk of misstatement.

>Audit testing was undertaken in a manner that was unpredictable in nature, selection and timing when compared to previous years work.

>The engagement Partners final review of the audit file and financial statements included a detailed review of all areas of medium or high risk identified at the planning stage of the audit.

Based on the results of our risk assessment we designed our audit procedures to identify non-compliance with such laws and regulations identified above:

>Financial reporting Standard 102, Companies Act 2006 and UK General Data Protection Regulation. The audit team all have a good understanding of the requirements under these laws and regulations common to most trading businesses and were alert throughout the audit to any potential instances of non-compliance.

>Further, at both the planning and completion stage of the audit enquiries where made of management any known instances of fraud or non-compliance with laws and regulations

These representations were corroborated where possible through the review of board minutes. No contradictory evidence was noted.

We consider that the work detailed above has ensured that the likelihood of detection of irregularities including fraud is considered to be high both at management level and during our audit approach. It is however worth noting that there is an inherent difficulty in detecting irregularities and there is no guarantee that all irregularities have been identified.

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.

Jeff Oliver (Senior Statutory Auditor)

for and on behalf of Cook & Partners Limited

Statutory Auditor

Manufactory House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

15th October 2026

TURNOVER

-

-

Administrative expenses

1,984,312

899,838

(1,984,312

)

(899,838

)

Other operating income

1,820,927

1,886,775

OPERATING (LOSS)/PROFIT

4

(163,385

)

986,937

Interest receivable and similar income

193,591

10,522

30,206

997,459

Gain/loss on revaluation of investment property

(2,088,422

)

10,442,018

(2,058,216

)

11,439,477

Interest payable and similar expenses

5

418,129

506,414

(LOSS)/PROFIT BEFORE TAXATION

(2,476,345

)

10,933,063

Tax on (loss)/profit

6

(574,634

)

2,422,711

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(1,901,711

)

8,510,352

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(1,901,711

)

8,510,352

FIXED ASSETS

Investment property

7

25,687,904

25,229,755

CURRENT ASSETS

Debtors

8

8,737,417

2,623,660

Cash at bank

65,609

8,694

8,803,026

2,632,354

CREDITORS

Amounts falling due within one year

9

6,732,435

8,070,197

NET CURRENT ASSETS/(LIABILITIES)

2,070,591

(5,437,843

)

TOTAL ASSETS LESS CURRENT LIABILITIES

27,758,495

19,791,912

CREDITORS

Amounts falling due after more than one year

10

(17,409,473

)

(6,835,384

)

PROVISIONS FOR LIABILITIES

13

(1,979,401

)

(2,685,196

)

NET ASSETS

8,369,621

10,271,332

CAPITAL AND RESERVES

Called up share capital

14

1

1

Retained earnings

15

8,369,620

10,271,331

SHAREHOLDERS' FUNDS

8,369,621

10,271,332

The financial statements were approved by the Board of Directors and authorised for issue on 15th October 2026 and were signed on its behalf by:

M J Trent - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st February 2024

1

1,760,979

1,760,980

Changes in equity

Total comprehensive income

-

8,510,352

8,510,352

Balance at 31st January 2025

1

10,271,331

10,271,332

Changes in equity

Total comprehensive income

-

(1,901,711

)

(1,901,711

)

Balance at 31st January 2026

1

8,369,620

8,369,621

Cash flows from operating activities

Cash generated from operations

1

1,300,426

312,915

Interest paid

(418,129

)

(521,702

)

Tax paid

-

21,307

Net cash from operating activities

882,297

(187,480

)

Cash flows from investing activities

Purchase of tangible fixed assets

-

(54,449

)

Purchase of investment property

(4,276,421

)

-

Sale of investment property

717,026

1,771,252

Loans to related parties

(6,483,551

)

(1,817,569

)

Interest received

193,591

10,522

Net cash from investing activities

(9,849,355

)

(90,244

)

Cash flows from financing activities

New loans in year

18,698,186

800,000

Loan repayments in year

(9,674,213

)

(626,713

)

Intercompany loan movement

-

69,635

Net cash from financing activities

9,023,973

242,922

Increase/(decrease) in cash and cash equivalents

56,915

(34,802

)

Cash and cash equivalents at beginning of year

2

8,694

43,496

Cash and cash equivalents at end of year

2

65,609

8,694

1.	RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2026

2025

£

£

(Loss)/profit before taxation

(2,476,345

)

10,933,063

Depreciation charges

-

219,132

Loss/(profit) on disposal of fixed assets

1,012,824

(71,252

)

Loss/(gain) on revaluation of fixed assets

2,088,422

(10,442,018

)

Finance costs

418,129

506,414

Finance income

(193,591

)

(10,522

)

849,439

1,134,817

Decrease/(increase) in trade and other debtors

369,795

(804,397

)

Increase/(decrease) in trade and other creditors

81,192

(17,505

)

Cash generated from operations

1,300,426

312,915

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 31st January 2026

31.1.26

1.2.25

£

£

Cash and cash equivalents

65,609

8,694

Year ended 31st January 2025

31.1.25

1.2.24

£

£

Cash and cash equivalents

8,694

43,496

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.2.25

Cash flow

At 31.1.26

£

£

£

Net cash

Cash at bank

8,694

56,915

65,609

8,694

56,915

65,609

Debt

Debts falling due within 1 year

(1,550,115

)

1,550,115

-

Debts falling due after 1 year

(6,835,384

)

(10,574,089

)

(17,409,473

)

(8,385,499

)

(9,023,974

)

(17,409,473

)

Total

(8,376,805

)

(8,967,059

)

(17,343,864

)

1.	STATUTORY INFORMATION

Charles Trent Property 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 as modified by the revaluation of certain assets.

Going Concern assumption

All properties are let on long term leases. Rents are charged in advance and there have been no issues with non payment of rents. Revenue is therefore expected to remain consistent.

Loans made to related parties have been reviewed by the directors and are considered to be recoverable based on a robust going concern review of the companies involved.

The parent of the group Charles Trent Holdings Limited has confirmed that there is no intention to recall the £6.35m loan balance, included within creditors, within 12 months of the date of signing this report or indeed for the foreseeable future.

The directors review budgets, cash flow forecasts, and management accounts on a regular basis and act on the results accordingly to ensure that the company can continue to trade and meet its liabilities as they fall due.

Given the above factors the accounts have been prepared on a going concern basis.

Critical accounting judgements and key sources of estimation uncertainty

Fair value of Investment Property

The directors determine the fair value of investment properties by review of historic valuations, rental yields, expected price per sq ft and current market conditions.

There has been no valuation by an independent valuer who holds a recognised and relevant professional qualification during the year and this is therefore a source of estimation uncertainty.

Tangible fixed assets

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

In accordance with FRS 102 Section 16 paragraph 4A an exemption has been applied allowing properties rented to trading group members to be treated as plant, property and equipment and the amortised cost model has been applied to their valuation in the financial statements.

On the 30th January 2025 Charles Trent Limited, previously a fellow trading subsidiary of the company, was transferred to Charles Trent Holdco 2 Limited as part of a group restructure. Therefore, at 30th January 2025 all property previously rented to Charles Trent Limited has been re-classified as Investment Property and a fair value adjustment made through the profit and loss account as the exemption in FRS 102 Section 16 paragraph 4A is no longer applicable.

Investment property

In accordance with FRS 102 Section 16 Investment Property, Investment Properties are not subject to periodic depreciation charges and are included in the balance sheet at fair value.

The directors determine fair value by review of rental yields and current market conditions.

There has been no valuation by an independent valuer who holds a recognised and relevant professional qualification during the year.

Rents receivable from investment properties are credited to the profit and loss account on a straight line basis over the lease term.

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.

A capital allowances review was performed by an independent specialist.

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.

3.	EMPLOYEES AND DIRECTORS

2026

2025

£

£

Wages and salaries

45,480

48,039

Social security costs

2,451

940

47,931

48,979

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

2026

2025

Management

5

5

2026

2025

£

£

Directors' remuneration

12,800

23,040

4.	OPERATING (LOSS)/PROFIT

The operating loss (2025 - operating profit) is stated after charging/(crediting):

2026

2025

£

£

Depreciation - owned assets

-

219,132

Loss/(profit) on disposal of fixed assets

1,012,824

(71,252

)

Auditors remuneration

10,000

10,000

Auditors remuneration for non audit services

4,500

5,000

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2026

2025

£

£

Bank loan interest

418,129

444,814

Interest payable

-

61,600

418,129

506,414

6.

TAXATION

Analysis of the tax (credit)/charge

The tax (credit)/charge on the loss for the year was as follows:

2026

2025

£

£

Current tax:

UK corporation tax

131,161

(21,307

)

Deferred tax

(705,795

)

2,444,018

Tax on (loss)/profit

(574,634

)

2,422,711

Reconciliation of total tax (credit)/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

£

£

(Loss)/profit before tax

(2,476,345

)

10,933,063

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

(619,086

)

2,733,266

Effects of:

Adjustments to tax charge in respect of previous periods

-

(21,307

)

Group relief of capital gains

-

(149,464

)

Group relief

(8,754

)

(185,117

)

Depreciation of land and buildings

-

45,333

Indexation allowance

(19,275

)

-

Adjustment to base cost on transfer of asset within group

72,481

-

Total tax (credit)/charge

(574,634

)

2,422,711

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st February 2025

25,229,755

Additions

4,276,421

Disposals

(1,729,850

)

Revaluations

(2,088,422

)

At 31st January 2026

25,687,904

NET BOOK VALUE

At 31st January 2026

25,687,904

At 31st January 2025

25,229,755

Fair value at 31st January 2026 is represented by:

£

Valuation in 2025

9,642,018

Valuation in 2026

(2,088,422

)

Cost

18,134,308

25,687,904

On the 30th January 2025 Charles Trent Limited, previously a fellow trading subsidiary of the company, was transferred to Charles Trent Holdco 2 Limited as part of a group restructure. Therefore, at 30th January 2025 all property previously rented to Charles Trent Limited has be re-classified as Investment Property and a fair value adjustment made through the profit and loss account as the exemption in FRS 102 Section 16 paragraph 4A is no longer applicable.

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

9,600

6,090

Other debtors

8,301,121

2,617,570

VAT

36,000

-

Prepayments

390,696

-

8,737,417

2,623,660

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts (see note 11)

-

1,550,115

Trade creditors

216,617

59,847

Amounts owed to group undertakings

6,345,364

6,345,364

Tax

131,161

-

Social security and other taxes

(82,662

)

462

Other creditors

8,000

-

Accrued expenses

113,955

114,409

6,732,435

8,070,197

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans (see note 11)

15,128,264

6,835,384

Other loans (see note 11)

2,281,209

-

17,409,473

6,835,384

11.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due within one year or on demand:

Bank loans

-

1,550,115

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

747,044

Amounts falling due between two and five years:

Bank loans - 2-5 years

15,128,264

2,379,152

Other loans - 2-5 years

2,281,209

-

17,409,473

2,379,152

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

3,709,188

12.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

15,128,264

8,385,499

There is a debenture and charge dated 14 February 2020 in favour of Lloyds Bank Plc over the assets of the company.

The additional charges dated 21st May 2020 and 21st June 2021 in favour of Lloyds Bank Plc secured on specific property owned by the company were satisfied on 5th January 2026.

The charge dated 2nd July 2024 in favour of Daizun Investments Limited secured on specific property owned by the company was satisfied on 5th January 2026.

There is a charge dated 24th December 2025 in favour of Allica Financial Services Limited on specific property owned by the company.