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REGISTERED NUMBER: 01216406 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

George Perry (Wholesale Fruit &

Vegetables) Limited

George Perry (Wholesale Fruit &

Vegetables) Limited (Registered number: 01216406)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

George Perry (Wholesale Fruit &

Vegetables) Limited

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | P R Tate

| M D Tate

| SECRETARY: | M D Tate

| REGISTERED OFFICE: | C/o Haines Watts, Chartered Accountants

| Keepers Lane

| The Wergs

| Wolverhampton

| West Midlands

| WV6 8UA

| REGISTERED NUMBER: | 01216406 (England and Wales)

| ACCOUNTANTS: | Haines Watts Wolverhampton Limited

| Keepers Lane

| The Wergs

| Wolverhampton

| West Midlands

| WV6 8UA

George Perry (Wholesale Fruit &

Vegetables) Limited (Registered number: 01216406)

Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 329,261 |  | 337,725 |  |

Investment property | 5 | 280,812 |  | 280,812 |  |

610,073 |  | 618,537 |  |

CURRENT ASSETS

Stocks | 41,452 |  | 31,057 |  |

Debtors | 6 | 1,604,195 |  | 1,347,445 |  |

Cash at bank and in hand | 722,726 |  | 1,074,160 |  |

2,368,373 |  | 2,452,662 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,151,154 |  | 1,124,801 |  |

NET CURRENT ASSETS | 1,217,219 |  | 1,327,861 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,827,292 |  | 1,946,398 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 100 |  | 100 |  |

Revaluation reserve | 9 | 9,950 |  | 9,950 |  |

Capital redemption reserve | 100 |  | 100 |  |

Retained earnings | 1,817,142 |  | 1,936,248 |  |

SHAREHOLDERS' FUNDS | 1,827,292 |  | 1,946,398 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

George Perry (Wholesale Fruit &

Vegetables) Limited (Registered number: 01216406)

Balance Sheet - continued

31 March 2025

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 2 December 2025 and were signed on its behalf by:

P R Tate - Director

George Perry (Wholesale Fruit &

Vegetables) Limited (Registered number: 01216406)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| George Perry (Wholesale Fruit & Vegetables) 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 as modified by the revaluation of certain assets.

| The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

| Significant judgements and estimates

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| Turnover

| The turnover shown in the profit and loss account is the amount receivable for the provision of goods and services falling within the Company's activities, net of Value Added Tax, rebates and trade discounts.

| Turnover from the provision of goods and services is recognised in the accounting period in which the Company obtains the right to consideration in exchange for its performance and when the amounts to be recognised are fixed or determinable and collectability is reasonably assured.

| Tangible fixed assets

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

| Improvements to property | - | 5% on cost

| Plant and machinery | - | 20% on cost

| Fixtures and fittings | - | 10% on cost

| Motor vehicles | - | 25% on cost

| Investment property

| Investment property is shown at open market value. No depreciation is charged on investment properties. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

| Stocks

| Stocks have been valued at the lower of cost and estimated selling price less costs to sell.

George Perry (Wholesale Fruit &

Vegetables) Limited (Registered number: 01216406)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year 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 year end and that are expected to apply to the reversal of the timing difference.

| Deferred tax is provided for on any unrealised gains on the valuation of investment properties. Changes to the provision due to any movement in the valuation of the assets are charged to the profit and loss account in the period in which the asset is revalued.

| 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.

| 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.

| Financial instruments

| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as the financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 16 (2024 - 17 ) .

George Perry (Wholesale Fruit &

Vegetables) Limited (Registered number: 01216406)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures |

| to |  | Plant and |  | and |  | Motor |

| property |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 April 2024 | 303,319 |  | 42,432 |  | 22,502 |  | 265,765 |  | 634,018 |  |

| Additions | - |  | - |  | - |  | 65,788 |  | 65,788 |  |

| Disposals | - |  | - |  | - |  | (54,817 | ) | (54,817 | ) |

| At 31 March 2025 | 303,319 |  | 42,432 |  | 22,502 |  | 276,736 |  | 644,989 |  |

| DEPRECIATION

| At 1 April 2024 | 90,991 |  | 38,718 |  | 17,223 |  | 149,361 |  | 296,293 |  |

| Charge for year | 15,165 |  | 3,714 |  | 2,026 |  | 53,347 |  | 74,252 |  |

| Eliminated on disposal | - |  | - |  | - |  | (54,817 | ) | (54,817 | ) |

| At 31 March 2025 | 106,156 |  | 42,432 |  | 19,249 |  | 147,891 |  | 315,728 |  |

| NET BOOK VALUE

| At 31 March 2025 | 197,163 |  | - |  | 3,253 |  | 128,845 |  | 329,261 |  |

| At 31 March 2024 | 212,328 |  | 3,714 |  | 5,279 |  | 116,404 |  | 337,725 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024

| and 31 March 2025 | 280,812 |  |

| NET BOOK VALUE

| At 31 March 2025 | 280,812 |  |

| At 31 March 2024 | 280,812 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2022 | 9,950 |  |

| Cost | 270,862 |  |

280,812 |  |

| If investment property had not been revalued it would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 270,862 |  | 270,862 |  |

| Investment property was valued on an open market basis on 31 March 2025 by the directors .

George Perry (Wholesale Fruit &

Vegetables) Limited (Registered number: 01216406)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 556,047 |  | 535,487 |  |

| Amounts owed by associates | 972,911 |  | 731,397 |  |

| Other debtors | 75,237 |  | 80,561 |  |

1,604,195 |  | 1,347,445 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | - |  | 76,199 |  |

| Trade creditors | 897,274 |  | 782,745 |  |

| Amounts owed to associates | - |  | 19,477 |  |

| Taxation and social security | 59,829 |  | 67,344 |  |

| Other creditors | 194,051 |  | 179,036 |  |

1,151,154 |  | 1,124,801 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100 | Ordinary B & C | £1 | 100 |  | 100 |  |

9. | RESERVES

| Revaluation

| reserve

£ |

| At 1 April 2024

| and 31 March 2025 | 9,950 |  |

10. | OTHER FINANCIAL COMMITMENTS

| Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £71,892 (2024 - £119,820).

11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| During the previous year, the company made a short-term loan to a director of £30,000. This has been repaid this year. The loan was interest free and repayable on demand.

| During the year, the company made short-term loans to a director. The amounts advanced totalled £210,000 and was fully repaid during the year. The loan was interest free and repayable on demand.