REGISTERED NUMBER: 04703269

FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2023 TO 31 DECEMBER 2024

FOR

PLANTERS PACIFIC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G G Ingram

Mrs C Ingram

REGISTERED OFFICE:

Woodlands Farm

Freasley

Tamworth

Staffordshire

B78 2EY

REGISTERED NUMBER:

04703269

AUDITORS:

Philip Barnes & Co Limited

Chartered Accountants

Statutory Auditors

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

272,500

305,912

272,500

305,912

CURRENT ASSETS

Stocks

336,408

215,670

Debtors

6

211,761

290,391

Cash at bank and in hand

365,948

432,011

914,117

938,072

CREDITORS

Amounts falling due within one year

7

722,570

830,871

NET CURRENT ASSETS

191,547

107,201

TOTAL ASSETS LESS CURRENT LIABILITIES

464,047

413,113

PROVISIONS FOR LIABILITIES

29,700

32,381

NET ASSETS

434,347

380,732

CAPITAL AND RESERVES

Called up share capital

8

37,000

37,000

Retained earnings

397,347

343,732

SHAREHOLDERS' FUNDS

434,347

380,732

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

G G Ingram - Director

1.	STATUTORY INFORMATION

Planters Pacific Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Related party exemption

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.

The company's parent undertaking Ingram Retailing Ltd, includes the company in it's consolidated financial statements, and these are available at its registered office Woodlands Farm, Freasley, Tamworth, Staffordshire, B78 2EY.

Turnover

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

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.

Tangible fixed assets

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

Land and buildings

-

5% on cost

Plant and machinery etc

-

15% - 20% reducing balance

Stocks

Stocks are valued at lower of cost, and estimated selling price less costs to sell.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 82 (2023 - 76 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2023

and 31 December 2024

360,000

AMORTISATION

At 1 November 2023

and 31 December 2024

360,000

NET BOOK VALUE

At 31 December 2024

-

At 31 October 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 November 2023

986,341

509,823

1,496,164

Additions

-

16,920

16,920

At 31 December 2024

986,341

526,743

1,513,084

DEPRECIATION

At 1 November 2023

816,850

373,402

1,190,252

Charge for period

22,537

27,795

50,332

At 31 December 2024

839,387

401,197

1,240,584

NET BOOK VALUE

At 31 December 2024

146,954

125,546

272,500

At 31 October 2023

169,491

136,421

305,912

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

10,190

8,293

Amounts owed by group undertakings

123,421

210,555

Other debtors

78,150

71,543

211,761

290,391

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

239,150

348,600

Amounts owed to group undertakings

161,700

-

Taxation and social security

299,541

458,026

Other creditors

22,179

24,245

722,570

830,871

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

36,000

A Ordinary

£1

1,000

1,000

1,000

Ordinary

£1

36,000

36,000

37,000

37,000

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for opinion

We were not appointed as auditor of the company until after the previous year end in October 2023 and thus did not observe the counting of physical inventories at the end of that year. We were unable to satisfy ourselves by alternative means concerning the inventory quantities held at 31 October 2023 which are included in the comparative balance sheet at £215,670, by using other audit procedures. Consequently we were unable to determine whether any adjustment to this amount was necessary.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Christopher Humphreys FCA (Senior Statutory Auditor)

for and on behalf of Philip Barnes & Co Limited

10.	SECURITIES AND GUARANTEES

The Ingram Retailing Group companies (excluding Every Occasion Ltd) and the Planters Brookfields Group companies are party to limited corporate guarantees in favour of the National Westminster Bank in respect of the following Companies:

£

Ingram Retailing Ltd - parent company 8.5m

Garden King Ltd - fellow subsidiary 1.53m

Planters Bretby Ltd - fellow subsidiary 1.3m

Planters Garden Centre Ltd - fellow subsidiary 3.03m

Planters Brookfields Holdings Ltd - associated company 5.91m

Ingram Retailing Ltd and Planters Brookfields Holdings Ltd have a common controlling party.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is G G Ingram.