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Registration number: 10826586

Les Searle Group Limited
Annual Report and Unaudited Financial Statements (Filleted)
for the Year Ended 31 May 2025

Les Searle Group Limited

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3
Notes to the Unaudited Financial Statements | 4 to 7

Les Searle Group Limited

Company Information

Directors | L D Searle Mrs D J Searle

Registered office | Parsonage Farm Office Parsonage Way Horsham West Sussex RH12 4ZF

Solicitors | Cripps LLP Premier House 36-48 Queen Street Horsham West Sussex RH13 5AD

Bankers | Barclays Bank Plc 2 Carfax Horsham West Sussex RH12 1DN

Accountants | Ritchie Phillips LLP Ground Floor South Suite Afon House Worthing Road Horsham West Sussex RH12 1TL

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Les Searle Group Limited
for the Year Ended 31 May 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Les Searle Group Limited for the year ended 31 May 2025 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Les Searle Group Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Les Searle Group Limited and state those matters that we have agreed to state to the Board of Directors of Les Searle Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Les Searle Group Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Les Searle Group Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Les Searle Group Limited. You consider that Les Searle Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Les Searle Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Ritchie Phillips LLP
Ground Floor South Suite
Afon House
Worthing Road
Horsham
West Sussex
RH12 1TL

18 November 2025

Les Searle Group Limited

(Registration number: 10826586)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 4,702,474 | 4,508,546
Investments | 5 | 48,300 | 48,300
|  | 4,750,774 | 4,556,846
Current assets |  |  |
Debtors | 6 | 1,166,530 | 735,392
Cash at bank and in hand |  | 1,775,818 | 1,311,394
|  | 2,942,348 | 2,046,786
Creditors: Amounts falling due within one year | 7 | (94,522) | (6,200)
Net current assets |  | 2,847,826 | 2,040,586
Total assets less current liabilities |  | 7,598,600 | 6,597,432
Provisions for liabilities |  | (985,207) | (839,678)
Net assets |  | 6,613,393 | 5,757,754
Capital and reserves |  |  |
Called up share capital |  | 50,000 | 50,000
Retained earnings |  | 6,563,393 | 5,707,754
Shareholders' funds |  | 6,613,393 | 5,757,754

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 November 2025 and signed on its behalf by:

......................................... L D Searle Director | ......................................... Mrs D J Searle Director |

Les Searle Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Parsonage Farm Office
Parsonage Way
Horsham
West Sussex
RH12 4ZF
United Kingdom

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Les Searle Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets less any estimated residual value, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land | Nil
Buildings | 10% straight line
Plant and machinery | 10% straight line
Motor vehicles | Over 7 years straight line

Fixed asset investment in subsidiaries

The company's investment in its wholly owned subsidiaries is recognised at cost.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Les Searle Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4 | Tangible assets

| Land and buildings £ | Motor vehicles £ | Plant and machinery £ | Total £
Cost or valuation
At 1 June 2024 | 912,772 | 116,094 | 5,342,576 | 6,371,442
Additions | - | 80,008 | 790,184 | 870,192
Disposals | - | - | (347,930) | (347,930)
At 31 May 2025 | 912,772 | 196,102 | 5,784,830 | 6,893,704
Depreciation
At 1 June 2024 | 52,313 | 24,812 | 1,785,772 | 1,862,897
Charge for the year | 28,994 | 28,014 | 440,188 | 497,196
Eliminated on disposal | - | - | (168,863) | (168,863)
At 31 May 2025 | 81,307 | 52,826 | 2,057,097 | 2,191,230
Carrying amount
At 31 May 2025 | 831,465 | 143,276 | 3,727,733 | 4,702,474
At 31 May 2024 | 860,460 | 91,282 | 3,556,804 | 4,508,546

Included within the net book value of land and buildings above is £831,465 (2024 - £860,460) in respect of freehold land and buildings.

5 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 48,300 | 48,300

Les Searle Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

6 | Debtors

|  | 2025 £ | 2024 £
Amounts owed by related parties |  | 1,166,530 | 698,383
Other debtors |  | - | 37,009
|  | 1,166,530 | 735,392

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | 50,000 | -
Taxation and social security |  | 38,522 | -
Accruals and deferred income |  | 6,000 | 6,200
|  | 94,522 | 6,200

8 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2024 - £115,000).

9 | Parent and ultimate parent undertaking

The ultimate controlling party is Mr L D Searle and Mrs D J Searle.