REGISTERED NUMBER: 15205992 (England and Wales)

Prestige Communities Group Limited

Strategic Report, Report of the Directors and

Financial Statements for the Period 1st October 2023 to 31st December 2024

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Statement of Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12

DIRECTORS:

R E Wilde

R M A Clarke

J I Doyle

D J Lambert

T J Rix

Miss S J Rix

P J Hasnip

H J Rix

G Corlyon

REGISTERED OFFICE:

2 Humber Quays

Wellington Street West

Hull

HU1 2BN

REGISTERED NUMBER:

15205992 (England and Wales)

AUDITORS:

Smailes Goldie

Chartered Accountants

Statutory Auditor

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

The directors present their strategic report for the period 1st October 2023 to 31st December 2024.

The company's only activity is to act as the holding company for the Prestige group of companies, it does not trade.

PRINCIPAL RISKS AND UNCERTAINTIES

The principle risk is trading of Prestige Homeseeker Park & Leisure Limited and possible impairment of the investments. The board works closely with it's management team to anticipate and monitor all financial risks in order to plan and react accordingly to ensure there is minimum effect on the performance of the company.

Key performance indicators

The company monitors the performance of the subsidiary companies. As the company is a holding and management company only, the directors do not consider there to be any critical key performance indicators.

SECTION 172(1) STATEMENT

The Directors of Prestige Communities Group Limited and those of all UK companies must act in accordance with a set of general duties. These duties are detailed in the UK Companies Act 2006.

The directors consider that they have acted in good faith in a way most likely to promote the success of the group for the benefit of its members as a whole.

The business can only grow and prosper if we understand and respect the views and needs of our shareholders, customers, colleagues, suppliers, the environment and the wider community in which we operate. The group is a wholly owned subsidiary of J R Rix & Sons Limited, which can trace its origins back 150 years and whose shareholders continue to be the Rix family, who sit on the main board. The groups purpose, culture and values are those of a family business.

Strategy

The future success of the organization is attributed to the shareholders' policy of retaining the majority of profits within the Group to re-invest in the businesses. The group seeks to invest in profitable and sustainable opportunities.

Employees

Our people are central to the continued success of the business.

At Prestige Communities Group Limited we believe that nothing we do is so important that it cannot be completed safely. Our philosophy is to prevent accidents, and cases of work-related ill health, to our employees, contractors, customers or members of the public. Health and Safety is a main board agenda item and the company invests in all aspects of health and safety and are committed to delivering the highest standards. Our dedicated HSE professionals assist in delivering the risk assessment and management review programme. We continue to develop the ways in which we engage with our employees and offer two-way communication opportunities through our health and safety committees at each location throughout the group.

We invest significantly in our workforce. To help unlock potential we invest in training at all levels. We provide a comprehensive e-learning program as part of the induction of all new members of staff. We engage with our workforce to ensure that we are fostering an environment that they are happy to work in and that best supports their well-being.

Relationships with customers and suppliers

The company's relationship with its customers is critical to its long-term success. At all times the group aims to provide value and quality and exceed customers' expectations. The group encourages feedback from customers and looks to incorporate the feedback in continuous improvement.

Our suppliers are fundamental to the quality of our products and to ensuring that, as a business, we meet the high standards of conduct that we set ourselves. We value our suppliers and act with honesty and integrity in all our dealings with them and expect the same in return. We aim to pay all suppliers, irrespective of size, of agreed terms, on time every time.

The community and the environment

The group respects the communities in which we operate and at all times acts to prevent harm. We aim to create positive change in our local communities by supporting numerous charities and good causes and encouraging colleagues to assist with their expertise.

The group recognises environmental management as an important responsibility and takes practical measures to comply with all relevant environmental laws and regulations as a minimum standard.

The group aims to continuously improve and consolidate its environmental policy by regular examination of key business processes and procedures.

The group, through the parent company J R Rix & Sons Limited, is certified to the ISO 50001 standard. The specification requires use of an energy management system with a main purpose of using energy more efficiently.

Business conduct

Prestige Communities Group Limited is committed to doing business with suppliers, customers and other parties in a way that is fair and transparent for everyone involved. The group maintains a reputation for high standards and at all times expects its people to act with honesty and integrity.

ON BEHALF OF THE BOARD:

R E Wilde - Director

22nd September 2025

The directors present their report with the financial statements of the company for the period 1st October 2023 to 31st December 2024.

INCORPORATION

The company was incorporated on 1st October 2023 and commenced trading on 29th March 2024.

DIVIDENDS

No dividends will be distributed for the period ended 31st December 2024.

DIRECTORS

The directors who have held office during the period from 1st October 2023 to the date of this report are as follows:

R E Wilde - appointed 4th July 2024

D J Chapman - appointed 12th October 2023

R M A Clarke - appointed 4th July 2024

Dr M A Comer - appointed 12th October 2023

J I Doyle - appointed 4th July 2024

D J Lambert - appointed 4th July 2024

T J Rix - appointed 4th July 2024

Miss S J Rix - appointed 4th July 2024

P J Hasnip - appointed 4th July 2024

H J Rix - appointed 4th July 2024

M J Insley - appointed 10th February 2024 - resigned 2nd May 2024

I Stark - appointed 10th February 2024 - resigned 4th July 2024

G Corlyon was appointed as a director after 31st December 2024 but prior to the date of this report.

Dr M A Comer and D J Chapman ceased to be directors after 31st December 2024 but prior to the date of this report.

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

STREAMLINED ENERGY AND CARBON REPORTING

Prestige Communities Group Limited's annual energy use is less than 40MWh and is therefore exempt from carbon reporting. Subsidiary company reporting is covered by the parent company J.R Rix & Sons Limited group report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	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 transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Smailes Goldie, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

R E Wilde - Director

22nd September 2025

Opinion

We have audited the financial statements of Prestige Communities Group Limited (the 'company') for the period ended 31st December 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31st December 2024 and of its loss 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 company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on pages four and five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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 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, tax legislation, data protection, anti-bribery, employment, environmental and health and safety legislation. An understanding of these laws and regulations and the extent of compliance was obtained through discussion with management and inspecting legal and regulatory correspondence.

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 and 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; and

-

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;

-

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

-

reviewing correspondence with relevant regulators and the company's legal advisors.

Due to the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances 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.

The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission, or misrepresentation.

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.

Michael Stocks FCA (Senior Statutory Auditor)

for and on behalf of Smailes Goldie

Chartered Accountants

Statutory Auditor

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

22nd September 2025

TURNOVER

-

Administrative expenses

91,192

OPERATING LOSS

(91,192

)

Income from shares in group undertakings

33,531

LOSS BEFORE TAXATION

(57,661

)

Tax on loss

4

-

LOSS FOR THE FINANCIAL PERIOD

(57,661

)

OTHER COMPREHENSIVE INCOME

-

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

(57,661

)

FIXED ASSETS

Investments

5

3,033,530

CREDITORS

Amounts falling due within one year

6

3,090,941

NET CURRENT LIABILITIES

(3,090,941

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(57,411

)

CAPITAL AND RESERVES

Called up share capital

7

250

Retained earnings

8

(57,661

)

SHAREHOLDERS' FUNDS

(57,411

)

The financial statements were approved by the Board of Directors and authorised for issue on 22nd September 2025 and were signed on its behalf by:

T J Rix - Director

R E Wilde - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Changes in equity

Issue of share capital

250

-

250

Total comprehensive income

-

(57,661

)

(57,661

)

Balance at 31st December 2024

250

(57,661

)

(57,411

)

1.	STATUTORY INFORMATION

Prestige Communities Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Going Concern

The financial statements have been prepared on a going concern basis. The Directors have considered relevant information, including the annual budget, forecast future cash flows and the impact of subsequent events in making their assessment. The company benefits from a varied and constantly developing product range as well as strong relationships with its supplier and customers built up over many years. The company's forecasts & cash flow projections for the forthcoming 12 months anticipate the company to be profitable and in a positive cash generating position. Following the acquisition in July 2024, the company's ultimate parent company is now J. R. Rix & Sons Limited and the company enjoys their full financial support. The Directors therefore deem that adopting the going concern basis is reasonable.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 3.17(d).

Preparation of consolidated financial statements

The financial statements contain information about Prestige Communities Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, J. R. Rix & Sons Limited, 2 Humber Quays, Wellington Street West, Hull, England, HU1 2BN.

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.

Investments in subsidiaries

Investments in subsidiaries are measured at cost less accumulated impairment.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities, like trade and other debtors and creditors, loans to related parties and investment in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit or Loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

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

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.

Debtors

Short-term debtors are measured at transactions price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	EMPLOYEES AND DIRECTORS

£

Wages and salaries

20,000

The average number of employees during the period was NIL.

£

Directors' remuneration

-

4.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose for the period.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

3,033,530

At 31st December 2024

3,033,530

NET BOOK VALUE

At 31st December 2024

3,033,530

Investments are not listed and are held at cost less impairment as fair value cannot reliably be determined.

Details of investments wholly owned by the group and parent company at 31 December 2024 were:

Prestige Homeseeker Park and Leisure Limited

\

Leisure homes production

Prestige Developments Group Limited

\

Property rental

Prestige Park and Leisure Homes Limited

\

Property rental

Prestige Communities Limited

\

Dormant

All subsidiary companies are incorporated in England and Wales. The registered office of all the above names companies is 2 Humber Quays, Wellington Street West, Hull, East Yorkshire, HU1 2BN.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to group undertakings

3,090,941

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

value:

£

100

Share capital 1

1.00

100

150

Share capital 2

1.00

150

250

The following shares were allotted at par during the period:

100 Ordinary shares of 1.00 each

150 A shares of 1.00 each

8.

RESERVES

Retained

earnings

£

Deficit for the period

(57,661

)

At 31st December 2024

(57,661

)

9.	ULTIMATE CONTROLLING PARTY

The company's immediate and ultimate parent company is J. R. Rix & Sons Limited, a company incorporated in England & Wales.

The smallest and largest group in which the company's results are consolidated is that of J. R. Rix & Sons Limited. The financial statements for J. R. Rix & Sons Limited are available from its registered office, 2 Humber Quays, Wellington Street, Hull, England, HU1 2BN.