REGISTERED NUMBER: 01300030 (England and Wales)

THE POTTER GROUP (HOLDINGS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2024 TO 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C D Potter

M A Potter

C L Potter

J Rockett

R W Dawson

R J Bousfield

W G Hean

R D Lloyd

SECRETARY:

R D Lloyd

REGISTERED OFFICE:

Northspring

21-23 Wellington Street

Leeds

West Yorkshire

LS1 4DL

REGISTERED NUMBER:

01300030 (England and Wales)

ACCOUNTANTS:

UHY BPR Heaton

Chartered Accountants

Glenewes House

Gate Way Drive

Leeds

West Yorkshire

LS19 7XY

BANKERS:

HSBC Bank Plc

34 Westgate

Ripon

North Yorkshire

HG4 2BL

FIXED ASSETS

Tangible assets

4

3,851,621

4,848,922

Investments

5

300

300

Investment property

6

72,444,171

68,197,621

76,296,092

73,046,843

CURRENT ASSETS

Debtors

7

974,137

1,782,758

Cash at bank

6,330,647

5,106,727

7,304,784

6,889,485

CREDITORS

Amounts falling due within one year

8

(3,530,491

)

(3,534,289

)

NET CURRENT ASSETS

3,774,293

3,355,196

TOTAL ASSETS LESS CURRENT LIABILITIES

80,070,385

76,402,039

CREDITORS

Amounts falling due after more than one year

9

(8,700,899

)

(7,688,015

)

PROVISIONS FOR LIABILITIES

(5,626,000

)

(5,095,500

)

NET ASSETS

65,743,486

63,618,524

CAPITAL AND RESERVES

Called up share capital

600,000

600,000

Share premium

2,000

2,000

Revaluation reserve

12,291,610

12,291,610

Other reserves

10,199,125

9,396,298

Retained earnings

42,650,751

41,328,616

SHAREHOLDERS' FUNDS

65,743,486

63,618,524

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 6 November 2025 and were signed on its behalf by:

C D Potter - Director

1.	STATUTORY INFORMATION

The Potter Group (Holdings) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office 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 as modified by the revaluation of certain assets.

The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest pound.

Turnover

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts and rebates, and is stated net of Value Added Tax.

Rental income and service charges

Turnover is recognised when the outcome of a transaction can be estimated reliably. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to that date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customers in advance of services provided the amounts are recorded as deferred income and included as part of creditors due within one year.

Other tenant recharges

Turnover is recognised when the company incurs expenditure on behalf of a tenant which the tenant is contractually bound to repay under its tenancy agreement and where the company has established the right to receive payment.

Tangible fixed assets

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

Plant and machinery

-

Straight line over 5 years

Fixtures and fittings

-

Straight line over 5 years

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment properties for which fair value can be measured reliably without undue cost or effort on an ongoing basis are measured at fair value annually with any changes recognised in profit or loss.

The method of determining fair value for most buildings was the investment method. Any lease contracts with gross rents were adjusted to achieve a net annual passing rent.

Taxation

Taxation for the year 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 represents the amount of taxation payable, or receivable, in respect of taxable profit or loss for the current or past reporting periods. It is measured at the amount expected to be paid, or recovered, using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It 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 the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against a reversal of deferred tax liabilities or other future taxable profits.

Investments

Investments where shares are publicly traded, or their fair value is reliably measurable, are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Investments in subsidiaries and joint ventures are measured at cost less impairment.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provision of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments

Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

Where the arrangement does constitute a financing transaction, e.g. debt with basic terms, the initial measurement is of amortised cost using the effective interest method. In subsequent years the debt instrument is measured at amortised cost less impairment.

Impairment

At the end of each reporting period where there is objective evidence of impairment of any financial asset held at cost or amortised cost then this impairment is recognised immediately in profit or loss.

Other financial instruments

The company does not have any financial instruments that would not be classed as 'basic'.

Judgements and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other

factors, including expectations of future events.

Key sources of estimation uncertainty

The valuation of investment property at fair value necessarily introduces an area of estimation uncertainty into the accounts. To reduce the risks arising from this uncertainty the valuation is performed by a valuer with suitable professional qualifications and experience. The calculations are performed consistently from year to year using appropriate methods and assumptions.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Assets

Plant and

and

under

machinery

fittings

construction

Totals

£

£

£

£

COST

At 1 May 2024

273,366

10,819

4,848,893

5,133,078

Additions

-

-

1,962,443

1,962,443

Disposals

(138,007

)

(8,165

)

-

(146,172

)

Transfer to investment property

-

-

(2,959,723

)

(2,959,723

)

At 31 March 2025

135,359

2,654

3,851,613

3,989,626

DEPRECIATION

At 1 May 2024

273,342

10,814

-

284,156

Eliminated on disposal

(137,990

)

(8,161

)

-

(146,151

)

At 31 March 2025

135,352

2,653

-

138,005

NET BOOK VALUE

At 31 March 2025

7

1

3,851,613

3,851,621

At 30 April 2024

24

5

4,848,893

4,848,922

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 May 2024

and 31 March 2025

300

NET BOOK VALUE

At 31 March 2025

300

At 30 April 2024

300

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

68,197,621

Gain arising on remeasurement

1,286,827

Transfer from assets under construction

2,959,723

At 31 March 2025

72,444,171

NET BOOK VALUE

At 31 March 2025

72,444,171

At 30 April 2024

68,197,621

Investment properties were remeasured to fair value at 31 March 2025 based on valuations undertaken by suitably qualified individuals who are not independent of the company but who have appropriate valuation experience in the location and class of investment property being valued. The method of determining fair value for most buildings was the investment method. Any lease contracts with gross rents were adjusted to achieve a net annual passing rent.

Investment properties includes both freehold and long leasehold properties.

At the balance sheet date the company had contracted with tenants for the following minimum lease payments:

2025

2024

£

£

Within one year

6,817,229

6,485,152

In the second to fifth year inclusive

16,142,785

14,368,347

After five years

20,194,701

17,191,585

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

259,167

924,493

Other debtors

714,970

858,265

974,137

1,782,758

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

131,635

452,836

Trade creditors

431,513

287,874

Amounts owed to group undertakings

100

100

Taxation and social security

91,862

115,116

Other creditors

2,875,381

2,678,363

3,530,491

3,534,289

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

8,700,899

7,688,015

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

8,832,534

8,140,851

The bank borrowing facilities are secured by a fixed charge on certain investment property, and by fixed and floating charges over the assets of group companies registered in the U.K.