REGISTERED NUMBER: 05232919 (England and Wales)

E G LEWIS DEVELOPMENTS LIMITED

STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2026

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Income Statement

7

Other Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

11

Notes to the Financial Statements

12

DIRECTORS:

T F Lewis

Mrs S W Lewis

SECRETARY:

T F Lewis

REGISTERED OFFICE:

Tank Farm Road

Llandarcy

Neath

SA10 6EN

REGISTERED NUMBER:

05232919 (England and Wales)

AUDITORS:

Bevan Buckland Audit Ltd (Statutory Auditors)

Ground Floor Cardigan House

Castle Court

Swansea Enterprise Park

Swansea

SA7 9LA

BANKERS:

Natwest

Phoenix Way

Llansamlet

Swansea

SA7 9FS

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

REVIEW OF BUSINESS

The principal activity of the company is the ownership and letting of commercial property, together with the provision of management services to other companies under common control. The company’s freehold properties at Baglan, Port Talbot and Tank Farm Road, Llandarcy are let to related parties.

Revenue for the year was £979,682 (2025: £1,454,267), a decrease of 32.6%. This reflects a reduction in management charges to related parties following changes in group staffing arrangements, with a corresponding reduction in staff costs to £528,723 (2025: £677,562). Operating profit was £334,504 (2025: £659,429).

During the year the company received dividend income of £260,000 (2025: £600,000) from its subsidiary, E G Lewis Group Payroll Services Ltd, and waived a loan of £76,692 due from Artico Environmental Limited, which has been recognised as an exceptional item. Profit before taxation was £484,087 (2025: £731,513). The prior year result also included a loan waiver of £500,000.

The directors have reviewed the fair value of the investment property and consider £3,505,000 to remain a reasonable estimate at the year end. Dividends of £400,000 (2025: £600,000) were declared during the year. Net assets increased to £2,813,687 (2025: £2,804,891).

PRINCIPAL RISKS AND UNCERTAINTIES

The directors consider the principal risks and uncertainties facing the company to be:

Concentration of income. Substantially all of the company’s income is derived from related parties. The directors manage this risk through their oversight of the wider group, which is under common control.

Property values. The investment property is carried at fair value. A decline in the commercial property market in South Wales could reduce its value. The directors review the carrying value annually.

Interest rate risk. The company’s bank borrowings of £501,316 are at a fixed rate. The directors monitor the cost of borrowing and the company’s ability to service its debt from rental income.

Recoverability of related party balances. The company has significant balances due from group and common control entities. The directors monitor the financial position of these entities and their ability to settle amounts when due.

ON BEHALF OF THE BOARD:

T F Lewis - Director

28 October 2026

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

DIVIDENDS

No interim dividend was paid during the year. The directors recommend a final dividend of £400 per share.

The total distribution of dividends for the year ended 31 January 2026 will be £ 400,000 .

DIRECTORS

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

T F Lewis

Mrs S W Lewis

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 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.

The auditor, Bevan Buckland, previously traded through the legal entity Bevan Buckland LLP, following a restructure and regulatory changes, Bevan Buckland LLP ceased to hold an audit registration with the engagement transitioning to Bevan Buckland Audit Ltd.

AUDITORS

The auditors, Bevan Buckland Audit Ltd (Statutory Auditors), will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

T F Lewis - Director

28 October 2026

Opinion

We have audited the financial statements of E G Lewis Developments Limited (the 'company') for the year ended 31 January 2026 which comprise the Income Statement, Other 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 January 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 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. Extent to which the audit was considered capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatement of the Financial Statements, whether due to fraud or error, and then, design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

We discussed our audit independence complying with the Revised Ethical Standard 2024 with the engagement team members whilst planning the audit and continually monitored our independence throughout the process.

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

Identifying and assessing potential risks related to irregularities.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

-

enquiring of management, including obtaining and reviewing supporting documentation, concerning the Company's policies and procedures relating to:

-

identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

-

detecting and responding to the risks of fraud and whether they have knowledge of any actual. suspected or alleged fraud;

-

the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations;

-

discussing among the engagement team how and where fraud might occur in the Financial Statements and any potential indicators of fraud.

-

obtaining an understanding of the legal and regulatory frameworks that the Company operates in, focusing on those laws and regulations that had a direct effect on the Financial Statements or that had a fundamental effect on the operations of the Company, The key laws and regulations we considered in this context included the UK Companies Act and relevant tax legislation.

Audit response to risks identified

In addition to the above, our procedures to respond to risks identified included the following:

-

reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with relevant laws and regulations;

-

enquiring of management concerning actual and potential litigation and claims; performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

-

reading minutes of meetings of those charged with governance and reviewing correspondence with HMRC; and

-

in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments;

-

assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and

-

evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

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.

Henry Lloyd-Davies (Senior Statutory Auditor)

for and on behalf of Bevan Buckland Audit Ltd (Statutory Auditors)

Ground Floor Cardigan House

Castle Court

Swansea Enterprise Park

Swansea

SA7 9LA

28 October 2026

REVENUE

979,682

1,454,267

Administrative expenses

645,374

795,034

334,308

659,233

Other operating income

196

196

OPERATING PROFIT

4

334,504

659,429

Related party loan waiver

5

76,692

500,000

257,812

159,429

Income from shares in group undertakings

260,000

600,000

Interest receivable and similar income

1,278

15,290

261,278

615,290

519,090

774,719

Interest payable and similar expenses

6

35,003

43,206

PROFIT BEFORE TAXATION

484,087

731,513

Tax on profit

7

75,291

158,143

PROFIT FOR THE FINANCIAL YEAR

408,796

573,370

PROFIT FOR THE YEAR

408,796

573,370

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

408,796

573,370

FIXED ASSETS

Property, plant and equipment

9

64,786

82,017

Investments

10

2

2

Investment property

11

3,505,000

3,505,000

3,569,788

3,587,019

CURRENT ASSETS

Debtors

12

1,238,484

725,358

Cash at bank

271,478

676,009

1,509,962

1,401,367

CREDITORS

Amounts falling due within one year

13

1,409,584

1,271,712

NET CURRENT ASSETS

100,378

129,655

TOTAL ASSETS LESS CURRENT LIABILITIES

3,670,166

3,716,674

CREDITORS

Amounts falling due after more than one year

14

(451,212

)

(506,516

)

PROVISIONS FOR LIABILITIES

17

(405,267

)

(405,267

)

NET ASSETS

2,813,687

2,804,891

CAPITAL AND RESERVES

Called up share capital

18

1,000

1,000

Fair value reserve

19

1,752,631

1,752,631

Retained earnings

19

1,060,056

1,051,260

SHAREHOLDERS' FUNDS

2,813,687

2,804,891

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2026 and were signed on its behalf by:

T F Lewis - Director

Called up

Fair

share

Retained

value

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 February 2024

1,000

1,077,890

1,752,631

2,831,521

Changes in equity

Dividends

-

(600,000

)

-

(600,000

)

Total comprehensive income

-

573,370

-

573,370

Balance at 31 January 2025

1,000

1,051,260

1,752,631

2,804,891

Changes in equity

Dividends

-

(400,000

)

-

(400,000

)

Total comprehensive income

-

408,796

-

408,796

Balance at 31 January 2026

1,000

1,060,056

1,752,631

2,813,687

1.	STATUTORY INFORMATION

E G Lewis Developments 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 as modified by the revaluation of certain assets.

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 3.17(d);

•

the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A.

Preparation of consolidated financial statements

The financial statements contain information about E G Lewis Developments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, E G Lewis Investments Ltd, Tank Farm Road, Llandarcy, Neath, United Kingdom, SA10 6EN.

Turnover

Turnover represents rental income and management charges receivable in the ordinary course of business, excluding value added tax.

Rental income from investment property let under operating leases is recognised on a straight-line basis over the term of the relevant lease, with the income attributable to each period recognised in that period. Where rent is invoiced in advance, the element relating to periods after the reporting date is included within deferred income. Rent earned but not yet invoiced at the reporting date is included within accrued income.

Tangible fixed assets

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

Improvements to property

-

2% on cost

Motor vehicles

-

25% reducing balance

Impairment of fixed assets

At each reporting date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Recoverable amount is the higher of fair value less costs to sell and value in use.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Employee Benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The costs of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Financial instruments

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

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other receivables and payables, amounts due to and from related parties.

Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Debt instruments like loans and other receivables and payables are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying value and the present value of estimated cash flows discounted at the assets original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the group would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount recognised in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. At each reporting date non-financial assets not carried at fair value, such as property, plant and equipment are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less costs to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies, are initially recognised at transaction price unless the measurement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade Debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provisions for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Lessor Policy

Leases in which the company retains substantially all the risks and rewards of ownership are classified as operating leases. Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term. Lease incentives granted are recognised as a reduction in rental income on a straight-line basis over the lease term.

Going Concern

The financial statements have been prepared on a going concern basis. The directors have assessed the company’s ability to continue as a going concern for a period of at least twelve months from the date of approval of these financial statements, having regard to its rental income streams, available cash and bank facilities, and the financial support available within the wider group, and consider it appropriate to adopt the going concern basis.

3.	EMPLOYEES AND DIRECTORS

2026

2025

£

£

Wages and salaries

459,106

608,715

Social security costs

64,367

62,597

Other pension costs

5,250

6,250

528,723

677,562

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

2026

2025

Admin

9

8

2026

2025

£

£

Directors' remuneration

150,550

150,550

4.	OPERATING PROFIT

The operating profit is stated after charging:

2026

2025

£

£

Depreciation - owned assets

17,231

22,844

Auditors' remuneration

9,180

6,600

5.	EXCEPTIONAL ITEMS

2026

2025

£

£

Related party loan waiver

(76,692

)

(500,000

)

During the year, a loan receivable due from Artico Environmental Limited amounting to £76,692 was formally waived and recognised as an exceptional expense in profit or loss. Artico Environmental Limited had historically been under common directorship and common control with the company.

During the prior year, a loan receivable due from E.G. Lewis Holdings Limited amounting to £500,000 was formally waived. The transaction has been recognised within profit or loss as an exceptional item. E.G. Lewis Holdings Limited was a related party of the company due to common directorship and common control.

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2026

2025

£

£

Bank loan interest

35,003

43,206

7.

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

75,291

158,143

Tax on profit

75,291

158,143

8.

DIVIDENDS

2026

2025

£

£

Ordinary share capital shares of £1 each

Final

400,000

600,000

9.	PROPERTY, PLANT AND EQUIPMENT

Improvements

to

Motor

property

vehicles

Totals

£

£

£

COST

At 1 February 2025

and 31 January 2026

19,785

116,486

136,271

DEPRECIATION

At 1 February 2025

5,111

49,143

54,254

Charge for year

396

16,835

17,231

At 31 January 2026

5,507

65,978

71,485

NET BOOK VALUE

At 31 January 2026

14,278

50,508

64,786

At 31 January 2025

14,674

67,343

82,017

10.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 February 2025

and 31 January 2026

2

NET BOOK VALUE

At 31 January 2026

2

At 31 January 2025

2

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

E G LEWIS GROUP PAYROLL SERVICES LTD

Registered office: Tank Farm Road, Llandarcy, Neath, United Kingdom, SA10 6EN

Nature of business: Support service activities.

%

Class of shares:

holding

Ordinary

100.00

2026

2025

£

£

Aggregate capital and reserves

53,967

42,297

Profit for the year

271,670

582,881

11.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

and 31 January 2026

3,505,000

NET BOOK VALUE

At 31 January 2026

3,505,000

At 31 January 2025

3,505,000

Fair value at 31 January 2026 is represented by:

£

Valuation in 2011

960,965

Valuation in 2024

791,666

Cost

1,752,369

3,505,000

The directors have reviewed the fair value of the investment property at the reporting date and, based on their experience and understanding of the local property market, consider the carrying value of £3,505,000 to remain a reasonable estimate of fair value.

12.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed by group undertakings

910,000

600,000

Due from common control entities

316,479

113,700

Prepayments and accrued income

12,005

11,658

1,238,484

725,358

13.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts (see note 15)

50,104

39,980

Trade creditors

693

3,537

Amounts owed to group undertakings

1,000,000

600,000

Due to common control entities

52,655

163,000

Tax

53,394

158,143

Social security and other taxes

23,994

16,841

VAT

70,417

128,055

Other Creditors

5,167

5,421

Directors' current accounts

3,105

-

Accruals and deferred income

7,046

7,242

Accrued expenses

143,009

149,493

1,409,584

1,271,712

Included within creditors is £3,105 (2025: £0) owed to the directors. The balance is unsecured, interest-free and repayable on demand.

14.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans (see note 15)

451,212

506,516

15.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due within one year or on demand:

Bank loans

50,104

39,980

Amounts falling due between one and two years:

Bank loans - 1-2 years

50,104

39,980

Amounts falling due between two and five years:

Bank loans more than 1 year

150,312

119,940

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

250,796

346,596

16.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

501,316

-

17.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

405,267

405,267