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REGISTERED NUMBER: 15187310 (England and Wales)














Group Strategic Report, Report of the Directors and

Consolidated Financial Statements

for the Period 4 October 2023 to 29 October 2024

for

PFF Holdco Ltd

PFF Holdco Ltd (Registered number: 15187310)

Contents of the Consolidated Financial Statements
for the Period 4 October 2023 to 29 October 2024










Page

Company information 1

Group strategic report 2

Report of the directors 3 to 4

Report of the independent auditors 5 to 8

Consolidated statement of comprehensive income 9

Consolidated statement of financial position 10

Company statement of financial position 11

Consolidated statement of changes in equity 12

Company statement of changes in equity 13

Consolidated statement of cash flows 14

Notes to the consolidated statement of cash flows 15

Notes to the consolidated financial statements 16 to 25


PFF Holdco Ltd

Company Information
for the Period 4 October 2023 to 29 October 2024







Directors: D M Pickford
P S Whelan





Registered office: Aps Pierson Way Enterprise Campus
Alconbury Weald
Huntingdon
Cambs
PE28 4YA





Business address: Poplar Farm
Old Fendyke
Sutton St James
Spalding
Lincolnshire
PE12 0HE





Registered number: 15187310 (England and Wales)





Auditors: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

PFF Holdco Ltd (Registered number: 15187310)

Group Strategic Report
for the Period 4 October 2023 to 29 October 2024


The directors present their strategic report of the company and the group for the period 4 October 2023 to 29 October 2024.

Review of business
The company is a specialist supplier of UK-grown cut flowers to UK retail suppliers.

Principal risks and uncertainties
The business environment in this sector continues to experience price pressure due to constraints on consumer spending, against a background of increasing costs, leading to significant impact on trading margins. In common with others in the horticultural sector, the supply for seasonal labour is a significant challenge, along with strains in the supply chain.

The management team have invested heavily again in technologically advanced production facilities to enable the company to expand production capacity and adjust to the labour market.

The key risks and uncertainties facing the business are uncertain consumer demand as the cost of living crisis continues, the availability of appropriately skilled labour, the exchange rate and rising fuel, distribution and interest costs. The company has structured its funding in order to provide flexibility and promote sustainable growth.

The management have worked closely with customers, suppliers and staff throughout this period to maintain supplies, monitor cashflow and ensure the long term sustainability of the business.

Development and performance
The company has invested to mitigate its business risk in the last twelve months by:

- Investing in further automating the production and packing facilities;
- Focussing its product range in line with market demand;
- Developing its customer focus and strengthening its relationships;
- Strengthening the management team.
- Forming closer alliances with key suppliers.

Financial key performance indicators
We consider that our key financial performance indicators are those that communicate the financial performance and strength of the company, these being gross profit and profit before tax. The gross profit increased by £3,825,716 reflecting the increase in turnover and gross profit as the company improves its labour efficiency through investment and innovation. The company has invested £7,567,904 in fixed assets in the year. This investment has increased overheads by £1,749,573 with net profit of 14.1% of turnover.

Future developments
The company aims to maintain the management policies that have resulted in the company's growth in recent years, seeking to maintain the gross profit margin and promote the long term development of the business.

On behalf of the board:





D M Pickford - Director


1 August 2025

PFF Holdco Ltd (Registered number: 15187310)

Report of the Directors
for the Period 4 October 2023 to 29 October 2024


The directors present their report with the financial statements of the company and the group for the period 4 October 2023 to 29 October 2024.

Incorporation
The group was incorporated on 4 October 2023 .

Dividends
The total distribution of dividends for the period ended 29 October 2024 will be £ 20,800 .

During the year dividends were paid amounting to £20,800.

Directors
The directors who have held office during the period from 4 October 2023 to the date of this report are as follows:

A W Ellis - appointed 4 October 2023 - resigned 29 October 2024
D M Pickford - appointed 29 October 2024
P S Whelan - appointed 29 October 2024

Both the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting.

Statement of directors' responsibilities
The directors are responsible for preparing the Group strategic report, the Report of the directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group'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 group's auditors are aware of that information.

PFF Holdco Ltd (Registered number: 15187310)

Report of the Directors
for the Period 4 October 2023 to 29 October 2024


Auditors
The auditors, Moore Thompson, will be proposed for re-appointment at the forthcoming Annual General Meeting.

On behalf of the board:





D M Pickford - Director


1 August 2025

Report of the Independent Auditors to the Members of
PFF Holdco Ltd


Opinion
We have audited the financial statements of PFF Holdco Ltd (the 'parent company') and its subsidiaries (the 'group') for the period ended 29 October 2024 which comprise the Consolidated statement of comprehensive income, Consolidated statement of financial position, Company statement of financial position, Consolidated statement of changes in equity, Company statement of changes in equity, Consolidated statement of cash flows and Notes to the consolidated statement of cash flows, 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 group's and of the parent company affairs as at 29 October 2024 and of the group's profit for the period 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 group 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 group's and the parent 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 Group 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.

Report of the Independent Auditors to the Members of
PFF Holdco Ltd


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 Group 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 Group 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company 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 group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
PFF Holdco Ltd


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:

The extent to which the audit was considered capable of detecting irregularities including fraud

Our approach to identifying and assessing the risks 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 discussions with directors and other management;

- we focused on specific laws and regulations which we 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 susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;

- 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 override 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;

- 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;


Report of the Independent Auditors to the Members of
PFF Holdco Ltd

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

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

- reviewing correspondence with HMRC, relevant regulators 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.




Matt Storey FCCA ACA BFP (Senior Statutory Auditor)
for and on behalf of Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

1 August 2025

PFF Holdco Ltd (Registered number: 15187310)

Consolidated Statement of Comprehensive Income
for the Period 4 October 2023 to 29 October 2024

Notes £   

Turnover 4 22,162,852

Cost of sales 15,535,863
Gross profit 6,626,989

Administrative expenses 3,289,903
3,337,086

Other operating income 4,243
Operating profit 7 3,341,329

Interest receivable and similar income 50
3,341,379

Interest payable and similar expenses 8 217,119
Profit before taxation 3,124,260

Tax on profit 9 840,921
Profit for the financial period 2,283,339

Other comprehensive income -
Total comprehensive income for the
period

2,283,339

Profit attributable to:
Owners of the parent 2,283,339

Total comprehensive income attributable to:
Owners of the parent 2,283,339

PFF Holdco Ltd (Registered number: 15187310)

Consolidated Statement of Financial Position
29 October 2024

Notes £    £   
Fixed assets
Intangible assets 12 160,000
Tangible assets 13 11,117,249
Investments 14 -
11,277,249

Current assets
Stocks 15 2,219,707
Debtors 16 1,221,943
Cash at bank and in hand 1,692,239
5,133,889
Creditors
Amounts falling due within one year 17 5,868,966
Net current liabilities (735,077 )
Total assets less current liabilities 10,542,172

Creditors
Amounts falling due after more than one
year

18

(2,186,040

)

Provisions for liabilities 21 (915,074 )
Net assets 7,441,058

Capital and reserves
Called up share capital 22 10,000
Retained earnings 23 7,431,058
Shareholders' funds 7,441,058

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2025 and were signed on its behalf by:





D M Pickford - Director


PFF Holdco Ltd (Registered number: 15187310)

Company Statement of Financial Position
29 October 2024

Notes £    £   
Fixed assets
Intangible assets 12 -
Tangible assets 13 -
Investments 14 10,000
10,000

Current assets
Debtors 16 10,000

Creditors
Amounts falling due within one year 17 10,000
Net current liabilities -
Total assets less current liabilities 10,000

Capital and reserves
Called up share capital 22 10,000
Shareholders' funds 10,000

Company's profit for the financial year -

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

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2025 and were signed on its behalf by:




P S Whelan - Director



D M Pickford - Director


PFF Holdco Ltd (Registered number: 15187310)

Consolidated Statement of Changes in Equity
for the Period 4 October 2023 to 29 October 2024

Called up
share Retained Total
capital earnings equity
£    £    £   

Changes in equity
Issue of share capital 10,000 - 10,000
Dividends - (20,800 ) (20,800 )
Total comprehensive income - 2,283,339 2,283,339
Balance at 29 October 2024 10,000 2,262,539 2,272,539

PFF Holdco Ltd (Registered number: 15187310)

Company Statement of Changes in Equity
for the Period 4 October 2023 to 29 October 2024

Called up
share Retained Total
capital earnings equity
£    £    £   

Changes in equity
Issue of share capital 10,000 - 10,000
Balance at 29 October 2024 10,000 - 10,000

PFF Holdco Ltd (Registered number: 15187310)

Consolidated Statement of Cash Flows
for the Period 4 October 2023 to 29 October 2024

Notes £   
Cash flows from operating activities
Cash generated from operations 1 7,082,567
Interest paid (27,886 )
Interest element of hire purchase
payments paid

(189,233

)
Tax paid (80,811 )
Net cash from operating activities 6,784,637

Cash flows from investing activities
Purchase of intangible fixed assets (200,000 )
Purchase of tangible fixed assets (7,567,904 )
Sale of tangible fixed assets 72,500
Cash on acquisition of subsidiary 1,314,405
Interest received 50
Net cash from investing activities (6,380,949 )

Cash flows from financing activities
Loan repayments in year 1,680
Capital repayments in year 1,297,671
Share issue 10,000
Equity dividends paid (20,800 )
Net cash from financing activities 1,288,551

Increase in cash and cash equivalents 1,692,239
Cash and cash equivalents at
beginning of period

2

-

Cash and cash equivalents at end of
period

2

1,692,239

PFF Holdco Ltd (Registered number: 15187310)

Notes to the Consolidated Statement of Cash Flows
for the Period 4 October 2023 to 29 October 2024


1. Reconciliation of profit before taxation to cash generated from operations

£   
Profit before taxation 3,124,260
Depreciation charges 1,016,915
Loss on disposal of fixed assets 28,373
Finance costs 217,119
Finance income (50 )
4,386,617
Increase in stocks (643,317 )
Decrease in trade and other debtors 4,550,788
Decrease in trade and other creditors (1,211,521 )
Cash generated from operations 7,082,567

2. Cash and cash equivalents

The amounts disclosed on the Statement of cash flows in respect of cash and cash equivalents are in respect of these Statement of financial position amounts:

Period ended 29 October 2024
29.10.24 4.10.23
£    £   
Cash and cash equivalents 1,692,239 -


3. Analysis of changes in net debt

At 4.10.23 Cash flow At 29.10.24
£    £    £   
Net cash
Cash at bank and in hand - 1,692,239 1,692,239
- 1,692,239 1,692,239
Debt
Finance leases - (2,881,527 ) (2,881,527 )
Debts falling due within 1 year - (52,619 ) (52,619 )
Debts falling due after 1 year - (96,031 ) (96,031 )
- (3,030,177 ) (3,030,177 )
Total - (1,337,938 ) (1,337,938 )

PFF Holdco Ltd (Registered number: 15187310)

Notes to the Consolidated Financial Statements
for the Period 4 October 2023 to 29 October 2024


1. Statutory information

PFF Holdco Ltd 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 General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.

Estimation of useful life

The useful economic life used to amortise intangible assets and depreciate tangible fixed assets relates to the expected future performance of the assets acquired and management's estimate of the period over which economic benefit will be derived from the asset.

Estimation of residual value

The residual value of an asset is the estimated fair value of that asset at the end of its useful economic life and therefore is also dependent upon the estimation of that life span.

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 2024, is being amortised evenly over its estimated useful life of five 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.

PFF Holdco Ltd (Registered number: 15187310)

Notes to the Consolidated Financial Statements - continued
for the Period 4 October 2023 to 29 October 2024


3. Accounting policies - continued

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

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property-Not depreciated / 2%, 4%, 5% straight line
Glasshouses-5% straight line
Plant and machinery-4, 5, 10, 15 years straight line / 20% reducing balance
Fixtures and fittings-4 years straight line
Equipment-3 years straight line
Motor Vehicles-25% 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.

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

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Consolidated 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 statement of financial position date.


PFF Holdco Ltd (Registered number: 15187310)

Notes to the Consolidated Financial Statements - continued
for the Period 4 October 2023 to 29 October 2024


3. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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 group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Turnover

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

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

£   
Sale of goods 22,162,852
22,162,852

5. Employees and directors
£   
Wages and salaries 1,898,364
Social security costs 182,859
Other pension costs 29,729
2,110,952

PFF Holdco Ltd (Registered number: 15187310)

Notes to the Consolidated Financial Statements - continued
for the Period 4 October 2023 to 29 October 2024


5. Employees and directors - continued

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

Management staff 3
Administrative staff 3
Production staff 60
66

6. Directors' emoluments

2024
£
Director's 128,300
Director's retirement benefits -

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

Money purchase schemes 1

7. Operating profit

The operating profit is stated after charging:

£   
Depreciation - owned assets 976,915
Loss on disposal of fixed assets 28,373
Goodwill amortisation 40,000
Auditors' remuneration 15,400

8. Interest payable and similar expenses
£   
Bank interest 1,529
Loan 26,357
Hire purchase 189,233
217,119

PFF Holdco Ltd (Registered number: 15187310)

Notes to the Consolidated Financial Statements - continued
for the Period 4 October 2023 to 29 October 2024


9. Taxation

Analysis of the tax charge
The tax charge on the profit for the period was as follows:
£   
Current tax:
UK corporation tax 861,011

Deferred tax (20,090 )
Tax on profit 840,921

10. Individual statement of comprehensive income

As permitted by Section 408 of the Companies Act 2006, the Income statement of the parent company is not presented as part of these financial statements.


11. Dividends
£   
Ordinary A shares shares of £1 each
Final 20,800

12. Intangible fixed assets

Group
Goodwill
£   
Cost
Additions 200,000
At 29 October 2024 200,000
Amortisation
Amortisation for period 40,000
At 29 October 2024 40,000
Net book value
At 29 October 2024 160,000

PFF Holdco Ltd (Registered number: 15187310)

Notes to the Consolidated Financial Statements - continued
for the Period 4 October 2023 to 29 October 2024


13. Tangible fixed assets

Group
Improvements
Freehold to Plant and
property property machinery
£    £    £   
Cost
At 4 October 2023 385,625 - 7,688,484
Additions 3,648,418 719,646 3,176,981
Disposals (60,000 ) - (109,700 )
At 29 October 2024 3,974,043 719,646 10,755,765
Depreciation
At 4 October 2023 9,884 - 3,439,208
Charge for period 16,982 17,991 937,916
Eliminated on disposal - - (68,827 )
At 29 October 2024 26,866 17,991 4,308,297
Net book value
At 29 October 2024 3,947,177 701,655 6,447,468
At 3 October 2023 375,741 - 4,249,276

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 4 October 2023 2,982 - 7,566 8,084,657
Additions - 22,327 532 7,567,904
Disposals - - - (169,700 )
At 29 October 2024 2,982 22,327 8,098 15,482,861
Depreciation
At 4 October 2023 2,982 - 5,450 3,457,524
Charge for period - 2,791 1,235 976,915
Eliminated on disposal - - - (68,827 )
At 29 October 2024 2,982 2,791 6,685 4,365,612
Net book value
At 29 October 2024 - 19,536 1,413 11,117,249
At 3 October 2023 - - 2,116 4,627,133

PFF Holdco Ltd (Registered number: 15187310)

Notes to the Consolidated Financial Statements - continued
for the Period 4 October 2023 to 29 October 2024


14. Fixed asset investments

Company
Shares in
group
undertaking
£   
Cost
Additions 10,000
At 29 October 2024 10,000
Net book value
At 29 October 2024 10,000


The above investment represents the acquisition of 100% of the share capital of Poplar Farm Flowers Limited, Aps Pierson Way Enterprise Campus, Alconbury Weald, Huntingdon, Cambridgeshire, England, PE28 4YA

15. Stocks


Group
£   
Stocks 2,219,707

16. Debtors: amounts falling due within one year


Group Company
£    £   
Trade debtors 917,922 -
VAT 269,106 -
Called up share capital not paid - 10,000
Prepayments and accrued income 34,915 -
1,221,943 10,000

PFF Holdco Ltd (Registered number: 15187310)

Notes to the Consolidated Financial Statements - continued
for the Period 4 October 2023 to 29 October 2024


17. Creditors: amounts falling due within one year


Group Company
£    £   
Bank loans and overdrafts (see note 19) 52,619 -
Hire purchase contracts (see note 20) 791,518 -
Trade creditors 1,808,857 -
Corporation tax 860,988 -
Social security and other taxes 27,091 -
Other creditors 7,610 10,000
No description 2,217,459 -
Accruals and deferred income 102,824 -
5,868,966 10,000

HSBC UK hold a debenture dated December 2024 which contains a fixed charge and floating charges over all property and undertakings of the company.

18. Creditors: amounts falling due after more than one year


Group
£   
Bank loans (see note 19) 96,031
Hire purchase contracts (see note 20) 2,090,009
2,186,040

19. Loans

An analysis of the maturity of loans is given below:


Group
£   
Amounts falling due within one year or on demand:
Bank loans 52,619
Amounts falling due between one and two years:
Bank loans - 1-2 years 47,619
Amounts falling due between two and five years:
Bank loans - 2-5 years 48,412

PFF Holdco Ltd (Registered number: 15187310)

Notes to the Consolidated Financial Statements - continued
for the Period 4 October 2023 to 29 October 2024


20. Leasing agreements

Minimum lease payments fall due as follows:

Group
Hire
purchase
contracts
£   
Net obligations repayable:
Within one year 791,518
Between one and five years 2,090,009
2,881,527

21. Provisions for liabilities


Group
£   
Deferred tax 915,074

Group
Deferred
tax
£   
Provided during period (20,090 )
Subsidiary at acquisition 935,164
Balance at 29 October 2024 915,074

22. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
7,000 Ordinary A shares £1 7,000
1,500 Ordinary B shares £1 1,500
1,500 Ordinary A shares £1 1,500
10,000

PFF Holdco Ltd (Registered number: 15187310)

Notes to the Consolidated Financial Statements - continued
for the Period 4 October 2023 to 29 October 2024


23. Reserves

Group
Retained
earnings
£   

At 4 October 2023 5,168,519
Profit for the period 2,283,339
Dividends (20,800 )
At 29 October 2024 7,431,058


24. Related party disclosures

During the year, the group made sales of £nil (2023: £nil) to and purchases of £2,085,870 (2023: £4,741,565) from other related parties. At the year end a balance of £2,217,459 (2023:-£1,808,169) was owed to these entities.

25. Ultimate controlling party

The ultimate parent undertaking is AMC Group, Fresh & Juices SA, a company incorporated in Spain. Consolidated accounts are available from Apartado 4090, 30080 Murcia, Spain. AMC Group, Fresh & Juices is ultimately controlled by Alvaro Munoz Beraza.