IRIS Accounts Production v25.2.0.378 05161867 Board of Directors Board of Directors 30.4.25 1.5.24 30.4.25 30.4.25 the retailing of furniture, carpets and other household products within the UK. There have not been any significant changes in the group's principal activities in the year and neither do the directors anticipate any significant changes in the future. ++ Stokers Holdings Limited is the ultimate parent undertaking for the trading company Stokers Limited. There are also a number of other subsidiary companies in the group, most of whom are dormant. Stokers Holdings Limited's principal activity is being a holding company owning the land and buildings from which Stokers Limited undertakes the trade of retailing furniture, carpets and other household products. true true false true true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh051618672024-04-30051618672025-04-30051618672024-05-012025-04-30051618672023-04-30051618672023-05-012024-04-30051618672024-04-3005161867ns15:EnglandWales2024-05-012025-04-3005161867ns14:PoundSterling2024-05-012025-04-3005161867ns10:Director12024-05-012025-04-3005161867ns10:Director22024-05-012025-04-3005161867ns10:CompanySecretary12024-05-012025-04-3005161867ns10:Consolidated2025-04-3005161867ns10:ConsolidatedGroupCompanyAccounts2024-05-012025-04-3005161867ns10:PrivateLimitedCompanyLtd2024-05-012025-04-3005161867ns10:Consolidatedns10:FRS1022024-05-012025-04-3005161867ns10:Consolidatedns10:Audited2024-05-012025-04-3005161867ns10:LargeCompaniesRegimeForDirectorsReport2024-05-012025-04-3005161867ns10:LargeCompaniesRegimeForAccounts2024-05-012025-04-3005161867ns10:Consolidatedns10:LargeCompaniesRegimeForDirectorsReport2024-05-012025-04-3005161867ns10:Consolidatedns10:LargeCompaniesRegimeForAccounts2024-05-012025-04-3005161867ns10:FullAccounts2024-05-012025-04-300516186712024-05-012025-04-3005161867ns10:OrdinaryShareClass12024-05-012025-04-3005161867ns10:Consolidated2024-05-012025-04-3005161867ns10:RegisteredOffice2024-05-012025-04-3005161867ns10:Consolidated2023-05-012024-04-3005161867ns5:CurrentFinancialInstruments2025-04-3005161867ns5:CurrentFinancialInstruments2024-04-3005161867ns5:Non-currentFinancialInstruments2025-04-3005161867ns5:Non-currentFinancialInstruments2024-04-3005161867ns5:ShareCapital2025-04-3005161867ns5:ShareCapital2024-04-3005161867ns5:RetainedEarningsAccumulatedLosses2025-04-3005161867ns5:RetainedEarningsAccumulatedLosses2024-04-3005161867ns5:ShareCapital2023-04-3005161867ns5:RetainedEarningsAccumulatedLosses2023-04-3005161867ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-3005161867ns5:RetainedEarningsAccumulatedLosses2024-05-012025-04-3005161867ns5:IntangibleAssetsOtherThanGoodwill2024-05-012025-04-3005161867ns5:LandBuildingsns5:OwnedOrFreeholdAssets2024-05-012025-04-3005161867ns5:FurnitureFittings2024-05-012025-04-3005161867ns5:MotorVehicles2024-05-012025-04-3005161867ns5:LandBuildings2024-04-3005161867ns5:FurnitureFittings2024-04-3005161867ns5:MotorVehicles2024-04-3005161867ns5:LandBuildings2024-05-012025-04-3005161867ns5:LandBuildings2025-04-3005161867ns5:FurnitureFittings2025-04-3005161867ns5:MotorVehicles2025-04-3005161867ns5:LandBuildings2024-04-3005161867ns5:FurnitureFittings2024-04-3005161867ns5:MotorVehicles2024-04-3005161867ns5:CostValuation2024-04-3005161867ns5:WithinOneYearns5:CurrentFinancialInstruments2025-04-3005161867ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3005161867ns5:DeferredTaxation2024-04-3005161867ns5:DeferredTaxation2024-05-012025-04-3005161867ns5:DeferredTaxation2025-04-3005161867ns10:OrdinaryShareClass12025-04-3005161867ns5:RetainedEarningsAccumulatedLosses2024-04-30
REGISTERED NUMBER: 05161867 (England and Wales)















Stokers Holdings Limited

Group Strategic Report,

Report of the Directors and

Audited

Consolidated Financial Statements

for the Year Ended 30 April 2025






Stokers Holdings Limited (Registered number: 05161867)






Contents of the Consolidated Financial Statements
for the year ended 30 April 2025




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 5

Report of the Independent Auditors 8

Consolidated Income Statement 11

Consolidated Other Comprehensive Income 12

Consolidated Balance Sheet 13

Company Balance Sheet 14

Consolidated Statement of Changes in Equity 15

Company Statement of Changes in Equity 16

Consolidated Cash Flow Statement 17

Notes to the Consolidated Cash Flow Statement 18

Notes to the Consolidated Financial Statements 19


Stokers Holdings Limited

Company Information
for the year ended 30 April 2025







DIRECTORS: JN Stoker
SG Schofield





SECRETARY: JN Stoker





REGISTERED OFFICE: 277 Wennington Road
Southport
Merseyside
PR9 7TW





REGISTERED NUMBER: 05161867 (England and Wales)





AUDITORS: McMillan & Co LLP
Chartered Accountants and
Statutory Auditor
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Stokers Holdings Limited (Registered number: 05161867)

Group Strategic Report
for the year ended 30 April 2025

The directors present their strategic report of the company and the group for the year ended 30 April 2025.

Stokers Holdings Limited is the ultimate parent undertaking for the trading subsidiary Stokers Limited. There are also a number of other dormant subsidiary companies in the Group. Stokers Holdings Limited's principal activity is being a holding company owning the land and buildings from which Stokers Limited undertakes the trade of retailing furniture, carpets and other household products.

REVIEW OF BUSINESS
The results of Stokers Holdings Limited and Stokers Limited and other subsidiary undertakings have been consolidated and show profit before taxation of £4,470,753 (2024: 5,209,221).

The group's primary objective is to be the best independent furniture business in the country by providing quality products at the very best price with excellent customer service, and to achieve this in a family run business with highly qualified and motivated staff. We will achieve this goal by investing in our people, our stores, and our products. We constantly train and evaluate all our staff, so they consistently achieve some of the best performance criteria in the industry. We maintain high standards in our stores with regular refurbishment of displays and premises.

Our buyers are some of the leading figures in the industry, selecting the best products from around the globe and, with our purchasing power, excellent value for money is always achieved. The long-term objective is to bring this level of service to more consumers around the country by expanding into areas not already served by one of our existing stores. The group continues to seek further expansion opportunities either by acquiring businesses, sites, or suitable premises in future years.

The Group continues to maintain a very strong balance sheet, at the year end cash stood at £16.7m (2024: £13.7m) and in addition the group has liquid current asset investments of £2.1 million. This gives the group total liquid assets of £18.8m and also there is in excess of £40 million of unencumbered freehold property assets within the group. The group had no external borrowing or debt finance at the year end.

For this reason the directors are confident that the group can maintain its expansion plans and at the same time weather any storms the UK economy may endure.

The group has always recognised the importance of minimising its' impact upon the environment and has done and will continue to seek ways to reduce its carbon footprint. Stokers Limited commissioned a full energy performance review and the results of this are included in this report.

The group would like to thank all of its employees for their hard work and dedication over the past few challenging years. The directors believe that their commitment and the strength of the group's finances make the group well-prepared for future growth and continued profitability.

KEY PERFORMANCE INDICATORS

The directors monitor the performance of the Group on the following Key Performance Indicators ("KPI's") - sales, profit margins, overall Group profits and overall cash liquidity.
2025 2024
Sales £59.4m £61.0m
Gross profit margin 37.9% 38.3%
Operating profit margin 6.2% 7.2%
Group pre tax profits £4.5m £5.2m
Group bank and cash balances at year end £16.7m £13.7m
Net assets £53.8m £52.2m


Stokers Holdings Limited (Registered number: 05161867)

Group Strategic Report
for the year ended 30 April 2025

SECTION 172(1) STATEMENT
Introduction
As directors of Stokers Holdings Limited, we are committed to promoting the success of the company for the benefit of its members. In doing so, we have regard to the matters set out in Section 172(1) of the Companies Act 2006.

Long-Term Decision Making
We consider the likely consequences of our decisions in the long term. This includes evaluating the sustainability of our business model, investing in innovation, and ensuring that our strategic plans align with our long-term goals.

Employee Interests
Our employees are our most valuable asset. We strive to create a positive working environment, offer opportunities for professional development, and ensure fair treatment and equal opportunities for all.

The board address the employees in forums to update them on the company's performance and to enable employees to put forward comments and feedback together with any suggestions for change.

Business Relationships
We recognise the importance of fostering strong relationships with our suppliers, customers, and other stakeholders. We engage in regular dialogue with our partners to ensure mutual benefit and long-term collaboration.

Regular supply meetings take place where any feedback on quality, delivery and payment times can be discussed openly and honestly.

Community and Environment
We are committed to minimising our environmental impact and contributing positively to the communities in which we operate. This includes implementing sustainable practices and supporting local initiatives or charities for example wherever possible.

High Standards of Business Conduct
Maintaining a reputation for high standards of business conduct is crucial to our success. We adhere to ethical practices, comply with all relevant regulations, and promote a culture of integrity within the company.

Fairness Between Members
The Directors and their families between them own 100% of the Company's shares and as such the shareholders hold an implicit knowledge of the decisions made by the Directors.

Conclusion
In summary, the Directors of Stokers Holdings Limited are dedicated to promoting the success of the company while considering the broader impact of our actions on employees, business partners, the community, and the environment.


Stokers Holdings Limited (Registered number: 05161867)

Group Strategic Report
for the year ended 30 April 2025

PRINCIPAL RISKS AND UNCERTAINTIES
At the present time the directors and management are faced with these principal risks to the business;

- The performance of the economy is the single biggest risk facing the business. The continued cost pressures imposed by this new government have had and will continue to lead to inflationary pressures and likely increased unemployment. This will hamper growth in the demand of discretionary spending on big ticket items.

- The ability to employ suitable staff is still a significant problem in the economy. Driven by fallout of the failed Brexit policies of the previous government, the underinvestment in education and the failed apprenticeship schemes, the directors are concerned that this may remain a long-term issue. Wherever possible the company will train internally and promote productivity to counter this issue.

- Cost pressures imposed by fiscal taxes and legislative wage controls create a continued need to adapt processes and systems to become more productive and streamlined as a business.

However, the directors believe that the group is well placed to cope with these storms as it has a strategy to own all its stores and warehouses wherever possible. This allows for a low level of operational gearing as the group does not pay the high commercial rents faced by other retailers. This strategy has proven successful over the years as the group has remained consistently profitable and cash generative unlike many competitors.

In line with this the group always strives to maintain a significant cash reserve, or has access to bank funding, which allows it to trade through any downturn in the economic cycle but also to quickly take advantage of any investment opportunity that may arise.

Taking all of the above factors into consideration, the group does not consider itself to be exposed to any significant going concern, liquidity risk or other such risks.

FIXED ASSETS
Details of the additions and disposals to fixed assets are set out in the notes to the financial statements. The group continues to invest in its stores and new plant to ensure it continues to provide a safe and enjoyable environment to work and shop.

The directors do not adopt a policy of revaluation of fixed assets on the grounds of undue cost, but they believe that the value of the group's freehold property portfolio is considerably understated at a book value of £40 million. The directors believe a more realistic valuation of the group's property portfolio would increase shareholder net assets by over £10 million.

ON BEHALF OF THE BOARD:





JN Stoker - Secretary


11 August 2025

Stokers Holdings Limited (Registered number: 05161867)

Report of the Directors
for the year ended 30 April 2025

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

DIVIDENDS
A dividend of £2,000,000 (2024: £4,00,000) was paid during the year.

FUTURE DEVELOPMENTS
The Group intends to continue with the policies that have proven to be successful so far and it will continue to search for opportunities to grow in the medium to long term.

DIRECTORS
Mr JN Stoker and Mr SG Schofield are also directors of the subsidiary undertakings Stokers Limited and J.P. Lucas & Company Limited.

ENGAGEMENT WITH EMPLOYEES
Details of the number of employees and related costs are included within the notes to the financial statements.

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of an employee becoming disabled every effort is made to ensure that their employment with the Group continues and that appropriate training and support is given. It is the policy of the Group that the training, career development and promotion of disabled persons should, as far as possible, be identical with that of other employees.

The Group's policies and practices are to keep employees informed on matters relevant to them as employees and economic factors affecting the Group's performance through regular meetings and other communications. Employee representatives are consulted regularly on a wide range of matters affecting their interests.

The Group encourages employee involvement in its performance through incentive schemes.

The Group operates a group personal pension scheme for the benefit of all eligible employees who wish to join. Employer contributions are between 3 and 5% of earnings dependent upon individual circumstances.

STREAMLINED ENERGY AND CARBON REPORTING
Stokers Holdings Limited's greenhouse gas emissions, reportable under the Streamlined Energy and Carbon Reporting (SECR) for the year ended 30 April 2025 were 1,014 tonnes CO2e and this compares to 1,041 tonnes CO2e for the previous year - a reduction of 27 tonnes CO2e. These include the emissions associated with electricity, natural gas consumption, and business travel in company and private vehicles by employees.

In accordance with the legislation an intensity ratio has been calculated, and for Stokers Holdings Limited this is 17.1 tonnes CO2e per £m of revenues and this compares to 17.1 tonnes CO2e per £m revenue for the previous year.

Greenhouse gas emissions
Greenhouse gas emissions for the year 2024/25 expressed in tonnes CO2e ("tCO2e") totalled 1,014 on revenues of £59.4m compared to 1,041 on revenues of £61.0m for 2023/24. This can be broken down as;
2025 2024


tCO2e
% of
total


tCO2e
% of
total
- Natural gas 290 29 285 27
- Transportation Fuel 380 37 344 33
- Electricity 344 34 412 40







Stokers Holdings Limited (Registered number: 05161867)

Report of the Directors
for the year ended 30 April 2025


The company's critical intensity ratios are:
2025 2024

tCO2e per
£m

tCO2e per
£m

- Revenue intensity ratio 17.1 17.1

tCO2e per
sqm

tCO2e per
sqm

- Area intensity ratio 0.013 0.019

The breakdown of greenhouse gas emissions by scope for the years 2024/25 and 2023/24 expressed in tonnes CO2e were:

2025 2024


tCO2e
% of
total


tCO2e
% of
total
- Natural gas and company-operated transport 671 66 629 60
- Electricity 310 31 376 36

-
Losses from electricity distribution and
transmission


33

3


36

4

This only includes emissions reportable under SECR and may not reflect the entire carbon footprint of the organisation.

Energy consumption
Energy consumption by year (kWh) and by Emissions source;
2025 2024


kWh
% of
total


kWh
% of
total
- Natural gas 1,589,459 32 1,556,772 31
- Transportation Fuel 1,585,732 32 1,440,795 29
- Electricity (purchased) 1,755,081 36 1,992,897 40
Total Energy Consumption 4,930,272 4,990,466


There was a saving of 60,194 KWh (2023/24: 454,008 KWh).

Boundary, methodology and exclusions
An 'operational control' approach has been used to define the Greenhouse Gas emissions boundary. This approach captures emissions associated with the operation of all buildings such as warehouses, offices, and manufacturing sites, plus company-owned and leased transport. This report covers UK operations only, as required by SECR for Non-Quoted Large Companies.

This information was collected and reported in line with the methodology set out in the UK Government's Environmental Reporting Guidelines, 2019 as well as the GHG Reporting Protocol - Corporate Standard. Emissions have been calculated using the latest conversion factors provided by the UK Government. There are no material omissions from the mandatory reporting scope. The reporting period is for the years ended 30 April 2024 and 30 April 2024 as per the financial statements.

Energy efficiency initiatives
The company has been pro-active in the throughout both 2024/25 and 2023/24 reporting periods and the directors set out below some of the energy efficiency initiatives that the company has been undertaking:



-
LED fittings retrofit: We have an ongoing plan to replace old fluorescent tubes with LED alternatives as
they fail. Similarly the directors we are also looking to install motion detectors to the lighting whenever
practicable.

-
Solar PV installation: The company continues with the roll out of PV at its stores and further
instaplanned for the coming years as the company continues to reduce its electricity consumption.

Stokers Holdings Limited (Registered number: 05161867)

Report of the Directors
for the year ended 30 April 2025



-
Delivery vehicle upgrade: We are continuing to replace our older Euro 4 and 5 deliver vehicles with
new Euro 6 vehicles and will continue to look at reducing the size and weight of our vehicles, giving
greater mpg, where we can.


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). 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;
- state whether applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements;
- 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.

AUDITORS
The auditors, McMillan & Co LLP, are deemed to be reappointed under section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:



JN Stoker - Secretary


11 August 2025

Report of the Independent Auditors to the Members of
Stokers Holdings Limited

Opinion
We have audited the financial statements of Stokers Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 April 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated 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 group's and of the parent company affairs as at 30 April 2025 and of the group's 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 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.

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.

Report of the Independent Auditors to the Members of
Stokers Holdings Limited


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 seven, 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.

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:

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, and from our commercial knowledge and experience of the sector;
- 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 and 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; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.


Report of the Independent Auditors to the Members of
Stokers Holdings Limited


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

- performed analytical procedures to identify any unusual or unexpected relationships, and
- tested journal entries to identify 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:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;
- reading the minutes of meetings of those charged with governance;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

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.




Andrea Gerring FCA (Senior Statutory Auditor)
for and on behalf of McMillan & Co LLP
Chartered Accountants and
Statutory Auditor

11 August 2025

Stokers Holdings Limited (Registered number: 05161867)

Consolidated Income Statement
for the year ended 30 April 2025

2025 2024
Notes £ £ £ £

TURNOVER 3 59,371,110 61,010,164

Cost of sales 36,861,726 37,636,537
GROSS PROFIT 22,509,384 23,373,627

Distribution costs 13,572,391 13,067,564
Administrative expenses 5,454,098 6,108,302
19,026,489 19,175,866
3,482,895 4,197,761

Other operating income 212,738 194,818
OPERATING PROFIT 5 3,695,633 4,392,579

Income from investments 41,874 40,574
Interest receivable and similar income 736,607 651,559
778,481 692,133
4,474,114 5,084,712
Gains or losses on investments 6 (34,896 ) (134,005 )
4,509,010 5,218,717

Interest payable and similar expenses 7 19,257 9,496
PROFIT BEFORE TAXATION 4,489,753 5,209,221

Tax on profit 8 914,738 1,263,733
PROFIT FOR THE FINANCIAL YEAR 3,575,015 3,945,488
Profit attributable to:
Owners of the parent 3,575,015 3,945,488

Stokers Holdings Limited (Registered number: 05161867)

Consolidated Other Comprehensive Income
for the year ended 30 April 2025

2025 2024
Notes £ £

PROFIT FOR THE YEAR 3,575,015 3,945,488


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

3,575,015

3,945,488

Total comprehensive income attributable to:
Owners of the parent 3,575,015 3,945,488

Stokers Holdings Limited (Registered number: 05161867)

Consolidated Balance Sheet
30 April 2025

2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible assets 11 - 21,195
Tangible assets 12 44,734,666 43,851,411
Investments 13 - -
44,734,666 43,872,606

CURRENT ASSETS
Stocks 14 9,167,747 8,390,128
Debtors 15 2,990,582 3,663,580
Investments 16 2,150,745 2,086,444
Cash at bank and in hand 16,703,976 13,689,444
31,013,050 27,829,596
CREDITORS
Amounts falling due within one year 17 20,765,861 18,308,891
NET CURRENT ASSETS 10,247,189 9,520,705
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,981,855

53,393,311

PROVISIONS FOR LIABILITIES 20 1,126,527 1,112,998
NET ASSETS 53,855,328 52,280,313

CAPITAL AND RESERVES
Called up share capital 21 431,709 431,709
Revaluation reserve 22 2,107,585 2,107,585
Capital redemption reserve 22 68,291 68,291
Retained earnings 22 51,247,743 49,672,728
SHAREHOLDERS' FUNDS 53,855,328 52,280,313

The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2025 and were signed on its behalf by:




JN Stoker - Director



SG Schofield - Director


Stokers Holdings Limited (Registered number: 05161867)

Company Balance Sheet
30 April 2025

2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible assets 11 - -
Tangible assets 12 40,123,235 39,962,229
Investments 13 431,709 431,709
40,554,944 40,393,938

CURRENT ASSETS
Debtors 15 422 422
Investments 16 2,150,745 2,086,444
Cash at bank 14,559,295 11,167,519
16,710,462 13,254,385
CREDITORS
Amounts falling due within one year 17 11,977,368 9,076,014
NET CURRENT ASSETS 4,733,094 4,178,371
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,288,038

44,572,309

CREDITORS
Amounts falling due after more than one
year

18

(12,000,000

)

(12,000,000

)

PROVISIONS FOR LIABILITIES 20 (144,998 ) (131,775 )
NET ASSETS 33,143,040 32,440,534

CAPITAL AND RESERVES
Called up share capital 21 431,709 431,709
Retained earnings 22 32,711,331 32,008,825
SHAREHOLDERS' FUNDS 33,143,040 32,440,534

Company's profit for the financial year 2,702,506 6,462,108

The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2025 and were signed on its behalf by:




JN Stoker - Director



SG Schofield - Director


Stokers Holdings Limited (Registered number: 05161867)

Consolidated Statement of Changes in Equity
for the year ended 30 April 2025

Called up Capital
share Retained Revaluation redemption Total
capital earnings reserve reserve equity
£ £ £ £ £
Balance at 1 May 2023 431,709 50,052,240 1,873,066 68,291 52,425,306

Changes in equity
Dividends - (4,000,000 ) - - (4,000,000 )
Total comprehensive income - 3,620,488 234,519 - 3,855,007
Balance at 30 April 2024 431,709 49,672,728 2,107,585 68,291 52,280,313

Changes in equity
Dividends - (2,000,000 ) - - (2,000,000 )
Total comprehensive income - 3,575,015 - - 3,575,015
Balance at 30 April 2025 431,709 51,247,743 2,107,585 68,291 53,855,328

Stokers Holdings Limited (Registered number: 05161867)

Company Statement of Changes in Equity
for the year ended 30 April 2025

Called up
share Retained Total
capital earnings equity
£ £ £
Balance at 1 May 2023 431,709 29,546,717 29,978,426

Changes in equity
Dividends - (4,000,000 ) (4,000,000 )
Total comprehensive income - 6,462,108 6,462,108
Balance at 30 April 2024 431,709 32,008,825 32,440,534

Changes in equity
Dividends - (2,000,000 ) (2,000,000 )
Total comprehensive income - 2,702,506 2,702,506
Balance at 30 April 2025 431,709 32,711,331 33,143,040

Stokers Holdings Limited (Registered number: 05161867)

Consolidated Cash Flow Statement
for the year ended 30 April 2025

2025 2024
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 4,796,396 3,063,855
Interest paid (19,257 ) (9,497 )
Tax paid (290,504 ) (1,720,129 )
Net cash from operating activities 4,486,635 1,334,229

Cash flows from investing activities
Purchase of intangible fixed assets - (3,090 )
Purchase of tangible fixed assets (1,471,923 ) (2,533,853 )
Sale of tangible fixed assets 13,300 823,516
Proceeds sale of current investments 368,685 340,852
Acquisition of current asset investments (398,090 ) (371,422 )
Interest received 736,607 651,559
Dividends received 41,874 40,574
Net cash from investing activities (709,547 ) (1,051,864 )

Cash flows from financing activities
Directors loans repaid (762,556 ) (196,317 )
Net cash from financing activities (762,556 ) (196,317 )

Increase in cash and cash equivalents 3,014,532 86,048
Cash and cash equivalents at
beginning of year

2

13,689,444

13,603,396

Cash and cash equivalents at end of
year

2

16,703,976

13,689,444

Stokers Holdings Limited (Registered number: 05161867)

Notes to the Consolidated Cash Flow Statement
for the year ended 30 April 2025

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

2025 2024
£ £
Profit before taxation 4,489,753 5,209,221
Depreciation charges 609,863 512,208
(Profit)/loss on disposal of fixed assets (13,300 ) 6,484
Gains/losses on sale of investments (34,896 ) (134,005 )
Finance costs 19,257 9,496
Finance income (778,481 ) (692,133 )
4,292,196 4,911,271
(Increase)/decrease in stocks (777,619 ) 184,964
Decrease/(increase) in trade and other debtors 672,998 (33,819 )
Increase/(decrease) in trade and other creditors 608,821 (1,998,561 )
Cash generated from operations 4,796,396 3,063,855

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 April 2025
30/4/25 1/5/24
£ £
Cash and cash equivalents 16,703,976 13,689,444
Year ended 30 April 2024
30/4/24 1/5/23
£ £
Cash and cash equivalents 13,689,444 13,603,396


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1/5/24 Cash flow At 30/4/25
£ £ £
Net cash
Cash at bank and in hand 13,689,444 3,014,532 16,703,976
13,689,444 3,014,532 16,703,976

Liquid resources
Current asset investments 2,086,444 64,301 2,150,745
2,086,444 64,301 2,150,745
Total 15,775,888 3,078,833 18,854,721

Stokers Holdings Limited (Registered number: 05161867)

Notes to the Consolidated Financial Statements
for the year ended 30 April 2025

1. STATUTORY INFORMATION

Stokers Holdings 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 General Information page.

The presentation currency of the financial statements is the Pound Sterling (£) and the amounts in the financial statements have been rounded to the nearest £1.

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.

Basis of consolidation
The consolidated financial statements of Stokers Holdings Limited comprise the financial statements of Stokers Holdings Limited and its subsidiary undertakings. The financial statements of all the subsidiary undertakings are made up to 30 April.

Significant judgements and estimates
In determining the carrying amounts of certain assets and liabilities, the group makes calculated assumptions based on the effects of uncertain future events on those assets and liabilities at the balance sheet date. The group's estimates and assumptions are based on historical experience and expectations of future events and are reviewed periodically and updated to reflect current market conditions as required.

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

The financial statements include transactions at retail locations up to and including the nearest Saturday to 30 April each year.

Intangible fixed assets
Development costs in connection with the design and build of the group's e-commerce platform are being written off over the estimated useful economic life of four years.

Goodwill incurred on the acquisition of a business in 2015 was written off over its estimated useful economic life of six years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - at varying rates on cost
Motor vehicles - 25% on cost and at varying rates on cost

Freehold land is not depreciated. No depreciation is provided on the company's freehold and long leasehold buildings as the directors consider that the lives of these assets are so long and residual values, based on prices prevailing at the time of acquisition, are sufficiently high that any depreciation would be immaterial. Provision is made in the profit and loss account in the event of any permanent diminution in the value of the properties.

Assets in the course of construction at the reporting date are recognised at cost, which is based on the work done plus other direct costs incurred. No depreciation is charged on these assets until the period in which they are fully brought into use.

Stokers Holdings Limited (Registered number: 05161867)

Notes to the Consolidated Financial Statements - continued
for the year ended 30 April 2025

2. ACCOUNTING POLICIES - continued

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 instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Investments
Investments in subsidiary undertakings are recognised at cost less any provision for impairment. Unlisted investments are stated at cost due to the nature of the investment and listed investments are stated at their open market value.

3. TURNOVER

For both this and the previous year, all of the turnover arose in the UK and all from the retail trade conducted by the group.

Stokers Holdings Limited (Registered number: 05161867)

Notes to the Consolidated Financial Statements - continued
for the year ended 30 April 2025

4. EMPLOYEES AND DIRECTORS
2025 2024
£ £
Wages and salaries 10,523,505 9,675,087
Social security costs 1,129,953 1,088,383
Other pension costs 630,505 960,664
12,283,963 11,724,134

The average number of employees during the year was as follows:
2025 2024

Directors, management and administration 53 55
Selling and distribution 197 200
250 255

The average number of employees by undertakings that were proportionately consolidated during the year was 250 (2024 - 256 ) .

2025 2024
£ £
Directors' remuneration 707,460 192,480

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

Money purchase schemes 2 2

Information regarding the highest paid director for the year ended 30 April 2025 is as follows:
2025
£
Emoluments etc 701,220

5. OPERATING PROFIT

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

2025 2024
£ £
Depreciation - owned assets 588,668 502,176
(Profit)/loss on disposal of fixed assets (13,300 ) 6,484
Development costs amortisation 21,195 10,032
Auditors' remuneration 8,850 8,000
Auditors remuneration for
other services including
taxation 9,750 8,250

Stokers Holdings Limited (Registered number: 05161867)

Notes to the Consolidated Financial Statements - continued
for the year ended 30 April 2025

6. GAINS OR LOSSES ON INVESTMENTS
2025 2024
£ £
(Gains) / losses on listed
investment portfolio (34,896 ) (134,005 )

7. INTEREST PAYABLE AND SIMILAR EXPENSES
2025 2024
£ £
Other interest payable 19,257 9,496

8. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2025 2024
£ £
Current tax:
UK corporation tax 901,209 1,040,558

Deferred tax 13,529 223,175
Tax on profit 914,738 1,263,733

UK corporation tax has been charged at 25 % (2024 - 25 %).

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2025 2024
£ £
Profit before tax 4,489,753 5,209,221
Profit multiplied by the standard rate of corporation tax in the UK of
25 % (2024 - 25 %)

1,122,438

1,302,305

Effects of:
Expenses not deductible for tax purposes 175 162
Income not taxable for tax purposes (10,468 ) (10,143 )
Depreciation and amortisation on non qualifying assets 2,633 2,508
Effect of enhanced deductions (191,316 ) (205 )
Revaluation of listed investments (8,724 ) (34,273 )
Effect of capital gains reliefs - 3,379
Total tax charge 914,738 1,263,733

9. INDIVIDUAL INCOME STATEMENT

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.


Stokers Holdings Limited (Registered number: 05161867)

Notes to the Consolidated Financial Statements - continued
for the year ended 30 April 2025

10. DIVIDENDS

During the year the company paid a final dividend of £2,000,000 (2024: £4,000,000).

11. INTANGIBLE FIXED ASSETS

Group
Development
Goodwill costs Totals
£ £ £
COST
At 1 May 2024 457,360 347,202 804,562
Disposals (457,360 ) - (457,360 )
At 30 April 2025 - 347,202 347,202
AMORTISATION
At 1 May 2024 457,360 326,007 783,367
Amortisation for year - 21,195 21,195
Eliminated on disposal (457,360 ) - (457,360 )
At 30 April 2025 - 347,202 347,202
NET BOOK VALUE
At 30 April 2025 - - -
At 30 April 2024 - 21,195 21,195

The goodwill arose on the acquisition of Rowena Lucas Holdings Limited and its subsidiary undertakings by Stokers Limited in May 2015.

Stokers Holdings Limited (Registered number: 05161867)

Notes to the Consolidated Financial Statements - continued
for the year ended 30 April 2025

12. TANGIBLE FIXED ASSETS

Group
Assets in Fixtures
Freehold course of and Motor
property construction fittings vehicles Totals
£ £ £ £ £
COST OR VALUATION
At 1 May 2024 39,962,229 13,225 8,949,553 1,783,465 50,708,472
Additions 671,181 - 590,206 210,536 1,471,923
Disposals - - (1,172 ) (302,914 ) (304,086 )
Transfers - (13,225 ) 13,225 - -
At 30 April 2025 40,633,410 - 9,551,812 1,691,087 51,876,309
DEPRECIATION
At 1 May 2024 - - 5,686,875 1,170,186 6,857,061
Charge for year - - 365,043 223,625 588,668
Eliminated on disposal - - (1,172 ) (302,914 ) (304,086 )
At 30 April 2025 - - 6,050,746 1,090,897 7,141,643
NET BOOK VALUE
At 30 April 2025 40,633,410 - 3,501,066 600,190 44,734,666
At 30 April 2024 39,962,229 13,225 3,262,678 613,279 43,851,411

The properties held by the group on 30 April 1997 were valued by the directors at that date on the basis of open market value. These properties had an original cost of £1,143,956 (2024: £1,143,956) and a valuation of £1,764,298 (2024: £1,764,298) resulting in a revaluation surplus of £620,342 (2024: £620,342) before provision for deferred tax. Subsequent additions are stated at cost.

Land and buildings acquired in March 2007 were professionally valued on acquisition at £13,020,000 on an open market value basis which resulted in a revaluation surplus of £1,770,000 (2024: £1,770,000) before provision for deferred tax. Subsequent additions to this property are also stated at cost.

Long leasehold land and buildings acquired in May 2015 were professionally valued on acquisition at £830,000 on an open market value basis.

The group does not wish to adopt a periodic revaluation policy as set out in FRS102 in respect of the properties and will therefore continue to carry forward these land and buildings at their deemed cost.

Stokers Holdings Limited (Registered number: 05161867)

Notes to the Consolidated Financial Statements - continued
for the year ended 30 April 2025

12. TANGIBLE FIXED ASSETS - continued

Company
Fixtures
Freehold and Motor
property fittings vehicles Totals
£ £ £ £
COST
At 1 May 2024 39,962,229 147,948 1,000 40,111,177
Additions 161,006 - - 161,006
At 30 April 2025 40,123,235 147,948 1,000 40,272,183
DEPRECIATION
At 1 May 2024
and 30 April 2025 - 147,948 1,000 148,948
NET BOOK VALUE
At 30 April 2025 40,123,235 - - 40,123,235
At 30 April 2024 39,962,229 - - 39,962,229

13. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£
COST
At 1 May 2024
and 30 April 2025 431,709
NET BOOK VALUE
At 30 April 2025 431,709
At 30 April 2024 431,709


The fixed asset investment represents 431,709 £1 ordinary shares in Stokers Limited and this represents the entire issued share capital of that company. Stokers Limited is incorporated in the UK and its principal activity is that of furniture retail.

The following companies are wholly owned dormant subsidiaries of Stokers Limited; J.P. Lucas & Company Limited, Fredmans Limited, Doorway to Value Limited, Russell Dean Limited, W & T Nettleton Limited, Annetts Furniture World Limited, Christopher Pratt & Sons Limited. All of these companies are incorporated in the UK.

14. STOCKS

Group
2025 2024
£ £
Goods for resale 9,167,747 8,390,128

Stokers Holdings Limited (Registered number: 05161867)

Notes to the Consolidated Financial Statements - continued
for the year ended 30 April 2025

15. DEBTORS

Group Company
2025 2024 2025 2024
£ £ £ £
Amounts falling due within one year:
Trade debtors 217,021 134,906 - -
Other debtors 855,105 1,669,578 422 422
Prepayments and accrued income 1,535,122 1,092,429 - -
2,607,248 2,896,913 422 422

Amounts falling due after more than one year:
Other debtors 383,334 766,667 - -

Aggregate amounts 2,990,582 3,663,580 422 422

Included within other debtors is an amount of £766,667 (2024: £1,150,000) owing from the Stokers Retirement Benefits Scheme. This debt is being repaid at the rate of £383,333 pa and interest is charged at normal commercial rates. The directors of the company are also trustees of the Stokers Retirement Benefits Scheme.

16. CURRENT ASSET INVESTMENTS

Group Company
2025 2024 2025 2024
£ £ £ £
Listed investments 2,116,154 2,024,295 2,116,154 2,024,295
Funds on deposit held by
investment managers 34,591 62,149 34,591 62,149
2,150,745 2,086,444 2,150,745 2,086,444

Market value of listed investments at 30 April 2025 held by the group and the company - £ (2,116,154) (2024 - £ (2,024,295) ).

17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2025 2024 2025 2024
£ £ £ £
Payments on account 5,758,975 5,237,485 - -
Trade creditors 6,450,082 6,686,512 - -
Amounts owed to group undertakings - - 5,882,185 4,278,061
Corporation tax 901,103 290,398 28,785 44,782
Social security and other taxes 268,374 239,596 17,207 15,951
VAT 462,952 376,407 186,308 186,017
Directors' loans 5,544,460 4,307,016 5,544,460 4,307,016
Other creditors, accruals and
deferred income 1,379,915 1,171,477 318,423 244,187
20,765,861 18,308,891 11,977,368 9,076,014

Stokers Holdings Limited (Registered number: 05161867)

Notes to the Consolidated Financial Statements - continued
for the year ended 30 April 2025

17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

The directors' loans are unsecured with no fixed repayment dates.

18. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Company
2025 2024
£ £
Amounts owed to group undertakings 12,000,000 12,000,000

19. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

The group leases certain premises from the Stokers Retirement Benefits Scheme and the current annual rental costs are £487,000 (2024: £487,000). These lease costs, lease periods and terms are agreed with the trustees and administrators of the pension scheme on a periodic basis and reflect a commercial market rate.

20. PROVISIONS FOR LIABILITIES

Group Company
2025 2024 2025 2024
£ £ £ £
Deferred tax
Accelerated capital allowances 843,770 830,241 144,998 131,775
Other timing differences 282,757 282,757 - -
1,126,527 1,112,998 144,998 131,775

Group
Deferred tax
£
Balance at 1 May 2024 1,112,998
Charge to Income Statement during year 13,529
Balance at 30 April 2025 1,126,527

Company
Deferred tax
£
Balance at 1 May 2024 131,775
Charge to Income Statement during year 13,223
Balance at 30 April 2025 144,998

Deferred tax has been provided using a tax rate of 25% (2024: 25%).

The other timing differences represents the potential tax liability on any capital gains that may arise if the properties were to be sold at their revalued amounts, subject to any reliefs that become available, using tax rates that have been substantively enacted at the time of approving the financial statements.

Stokers Holdings Limited (Registered number: 05161867)

Notes to the Consolidated Financial Statements - continued
for the year ended 30 April 2025

21. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
431,709 Ordinary £1 431,709 431,709

There is a single class of ordinary shares. There are no restrictions on the distribution of dividends and the repayment of capital.

22. RESERVES

Group
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£ £ £ £

At 1 May 2024 49,672,728 2,107,585 68,291 51,848,604
Profit for the year 3,575,015 3,575,015
Dividends (2,000,000 ) (2,000,000 )
At 30 April 2025 51,247,743 2,107,585 68,291 53,423,619

Company
Retained
earnings
£

At 1 May 2024 32,008,825
Profit for the year 2,702,506
Dividends (2,000,000 )
At 30 April 2025 32,711,331

The revaluation reserve is stated net of a deferred tax provision of £282,758 (2024: £282,758).

23. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

There is in place an unlimited multilateral cross company guarantee between Stokers Holdings Limited and Stokers Limited in favour of the group's bank.

During the year the company paid rent to the Stokers Retirement Benefits Scheme of £487,000 (2024: £487,000) for the use of several premises from which the Group trades. The rents paid were at a commercial market rate. Certain of the company's directors and management are also trustees of the Stokers Retirement Benefits Scheme.

Stokers Holdings Limited (Registered number: 05161867)

Notes to the Consolidated Financial Statements - continued
for the year ended 30 April 2025

24. ULTIMATE CONTROLLING PARTY

In the directors opinion the company is ultimately controlled by the directors, Mr JN Stoker and Mr SG Schofield, by virtue of their shareholding in the company.