REGISTERED NUMBER: 12825947 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2023 TO 31 DECEMBER 2024

FOR

PACIFIC N HOLDINGS 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:

12825947 (England and Wales)

AUDITORS:

Philip Barnes & Co Limited

Chartered Accountants

Statutory Auditors

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

FIXED ASSETS

Tangible assets

4

2,327,927

1,249,500

Investments

5

37,000

37,000

2,364,927

1,286,500

CURRENT ASSETS

Debtors

6

1,662,599

99,500

Cash at bank

12,397

1,536,992

1,674,996

1,636,492

CREDITORS

Amounts falling due within one year

7

22,205

12,035

NET CURRENT ASSETS

1,652,791

1,624,457

TOTAL ASSETS LESS CURRENT LIABILITIES

4,017,718

2,910,957

CAPITAL AND RESERVES

Called up share capital

8

37,000

37,000

Retained earnings

3,980,718

2,873,957

SHAREHOLDERS' FUNDS

4,017,718

2,910,957

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 Profit and Loss Account 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

Pacific N 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 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.

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3.

EMPLOYEES

The average number of employees during the period was NIL (2023 - 2 ).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 November 2023

1,249,500

Additions

1,078,427

At 31 December 2024

2,327,927

NET BOOK VALUE

At 31 December 2024

2,327,927

At 31 October 2023

1,249,500

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 November 2023

and 31 December 2024

37,000

NET BOOK VALUE

At 31 December 2024

37,000

At 31 October 2023

37,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

1,662,599

-

Other debtors

-

99,500

1,662,599

99,500

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

881

881

Taxation and social security

21,324

654

Other creditors

-

10,500

22,205

12,035

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

36,000

A Ordinary

£1

36,000

36,000

520

B Ordinary

£1

520

520

300

C Ordinary

£1

300

300

180

D Ordinary

£1

180

180

37,000

37,000

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

The Report of the Auditors was unqualified.

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 Brookfields Holdings Ltd - associated company 5.91m

Planters Bretby Ltd - associated company 1.3m

Planters Garden Centre Ltd - fellow subsidiary. 3.03m

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