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REGISTERED NUMBER: 08764487 (England and Wales)

| Preston Caravans and Motorhomes Limited |

| Strategic Report, Report of the Directors and |

| Audited Financial Statements |

| for the Year Ended 31 December 2024 |

Preston Caravans and Motorhomes Limited (Registered number: 08764487)

Contents of the Financial Statements

for the year ended 31 December 2024

Page |

Company Information | 1 |

Strategic Report | 2 |

Report of the Directors | 4 |

Report of the Independent Auditors | 6 |

Income Statement | 9 |

Other Comprehensive Income | 10 |

Balance Sheet | 11 |

Statement of Changes in Equity | 12 |

Notes to the Financial Statements | 13 |

Preston Caravans and Motorhomes Limited

Company Information

for the year ended 31 December 2024

| DIRECTORS: | AG Campbell

| C Campbell

| AC Hulme

| CS Parr

| KL Campbell

| RS Clarkson

| REGISTERED OFFICE: | Blackpool Road

| Near Clifton

| Preston

| Lancashire

| PR4 0XL

| REGISTERED NUMBER: | 08764487 (England and Wales)

| AUDITORS: | McMillan & Co LLP

| Chartered Accountants and

| Statutory Auditor

| 28 Eaton Avenue

| Matrix Office Park

| Buckshaw Village

| Chorley

| Lancashire

| PR7 7NA

Preston Caravans and Motorhomes Limited (Registered number: 08764487)

Strategic Report

for the year ended 31 December 2024

The directors present their strategic report for the year ended 31 December 2024.

REVIEW OF BUSINESS

The company is focused on maintaining its' reputation as one of the best independent motorhome and caravan retailers in the country. It will achieve this by providing quality products at the very best price, with excellent customer service and to do all of this in a family run business.

The long term objective is to continue to grow the business and we will achieve this by bringing this high level of service to more new consumers around the country who are not being as well served by our competitors.

The company has been faced with unprecedented challenges over recent years starting with the Covid19 pandemic, followed by conflict in Ukraine and its effect on the supply chain and now the pressures on the UK economy and consumer spending. All of these have impacted both suppliers and customers alike. However, with proper management and with the continued support of its employees the company has again performed very well with sales for the year of £22.9m (2023: £29.1m) and has achieved pre-tax profits of £950k (2023: £1,236k). 2023 was a 16 month trading period from 1 September 2022 to 31 December 2023.

Net assets of the company have increased by £211k, after the payment of a dividend to Runshaw Holdings Limited of £500k (2023: £1,250k). At the year end there was net cash of £928k (2023: £1,169k), which is a very healthy position considering the stock that has been purchased. Year end stock stood at £11,006k (2023: £6,728k).

The company is a member of the Runshaw Holdings Limited group of companies and for a further understanding of the business as a whole reference should be made to the consolidated financial statements and the group's strategic report.

KEY PERFORMANCE INDICATORS

The directors monitor the performance of the company on the following Key Performance Indicators ("KPI's");

| Year ended |  | 16 months ended |

| 2024 |  | 2023 |

Gross profit |  | 14.6% |  | 15.3% |

EBITDA |  | £990k |  | £1,232k |

Preston Caravans and Motorhomes Limited (Registered number: 08764487)

Strategic Report

for the year ended 31 December 2024

PRINCIPAL RISKS AND UNCERTAINTIES

At the present time the directors and management are faced with several principal risks to the business:

- |  | Inflation, cost of living and commodity prices - these issues have impacted both people and business and have impacted personal disposable incomes and company profits. The increased cost of commodity prices for such as materials and fuel has been significant. These continued pressures will no doubt have an effect on both our suppliers and customers. |

- |  | Cost of borrowing - interest rates rose steadily from 2022 to 2024 and have only started to ease back from 2025. This has affected both the company's funding costs and also the consumer who will frequently use finance to purchase our products. |

- |  | Global economics - following the lection of a new US President in late 2024 there has been a raft of new legislation and tariffs imposed on global trade, leading to price uncertainty and inflation. |

- |  | Conflicts around the world - at the time of finalising these financial statements the tragic conflicts in Ukraine and the Middle East were still not resolved. The social and economic impacts of this are being felt globally and this will have repercussions for the UK consumer and economy for a long time to come. |

Directors and management are also faced with other risks and uncertainties associated with running a business employing dozens of staff and dealing with hundreds of suppliers and customers and they employ specialists to deal with these concerns as they arise. The company regularly monitors these and all other risks as part of its key management processes.

However, the directors believe that the company is well placed to weather these storms as it enjoys a low level of operational gearing. In line with this the company always maintains a significant cash reserve which allows it to trade through any downturn in the economic cycle but also to quickly take advantage of any investment opportunity that may arise.

It should also been remembered that the company has access to Group cash funds should they be required.

Reference should be made to the group's report and financial statements for those risks affecting the group as a whole.

ON BEHALF OF THE BOARD:

AG Campbell - Director

4 December 2025

Preston Caravans and Motorhomes Limited (Registered number: 08764487)

Report of the Directors

for the year ended 31 December 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the retailing of new and used caravans and motorhomes and associated accessories in the UK.

DIVIDENDS

During the year the company paid dividends to the parent undertaking totalling £500,000 (2023: £1,250,000).

FUTURE DEVELOPMENTS

The company intends to continue with the policies that have proven to be successful so far and it will continue to search for opportunities to grow in the medium to long term.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

AG Campbell

C Campbell

AC Hulme

CS Parr

KL Campbell

RS Clarkson

EMPLOYEES

Details of the number of employees and related costs are included within the notes to the financial statements.

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of an employee becoming disabled every effort is made to ensure that their employment with the company continues and that appropriate training and support is given. It is the policy of the company that the training, career development and promotion of disabled persons should, as far as possible, be identical with that of other employees. The company has policies and practices to keep employees informed on matters relevant to them as employees through regular meetings and other communications. Employee representatives are consulted regularly on a wide range of matters affecting their interests.

ENVIRONMENTAL

The company recognises the importance of its environmental responsibilities, monitors its impact on the environment and designs and implements policies to reduce any damage that might be caused by the company's activities. Such initiatives include the recycling of as much packaging material and other items as practically possible and reducing energy consumption.

Preston Caravans and Motorhomes Limited (Registered number: 08764487)

Report of the Directors

for the year ended 31 December 2024

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;

- | 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, McMillan & Co LLP, are deemed to be reappointed under section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:

AG Campbell - Director

4 December 2025

Report of the Independent Auditors to the Members of

Preston Caravans and Motorhomes Limited

Opinion

We have audited the financial statements of Preston Caravans and Motorhomes Limited (the 'company') for the year ended 31 December 2024 which comprise the Income Statement, Other 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 31 December 2024 and of its profit for the year 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.

Report of the Independent Auditors to the Members of

Preston Caravans and Motorhomes Limited

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 page 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 as follows:

- |  | the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; |

- |  | we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the sector; |

- |  | we 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, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation; |

- |  | we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and |

- |  | identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. |

Report of the Independent Auditors to the Members of

Preston Caravans and Motorhomes Limited

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 as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; 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; and |

- |  | tested journal entries to identify 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; |

- |  | reading the minutes of meetings of those charged with governance; |

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

- |  | reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, and the company's legal advisors. |

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware 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.

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.

Andrea Gerring FCA (Senior Statutory Auditor)

for and on behalf of McMillan & Co LLP

Chartered Accountants and

Statutory Auditor

4 December 2025

Preston Caravans and Motorhomes Limited (Registered number: 08764487)

Income Statement

for the year ended 31 December 2024

Period |

1/9/22 |

Year Ended | to |

31/12/24 | 31/12/23 |

| Notes | £ | £

TURNOVER | 4 | 22,862,968 |  | 29,063,739 |  |

Cost of sales | 19,525,565 |  | 24,620,203 |  |

GROSS PROFIT | 3,337,403 |  | 4,443,536 |  |

Administrative expenses | 2,461,294 |  | 3,375,286 |  |

876,109 |  | 1,068,250 |  |

Other operating income | 93,371 |  | 136,706 |  |

OPERATING PROFIT | 6 | 969,480 |  | 1,204,956 |  |

Interest receivable and similar income | 31,274 |  | 31,590 |  |

1,000,754 |  | 1,236,546 |  |

Interest payable and similar expenses | 7 | 50,476 |  | 946 |  |

PROFIT BEFORE TAXATION | 950,278 |  | 1,235,600 |  |

Tax on profit | 8 | 239,487 |  | 280,838 |  |

PROFIT FOR THE FINANCIAL YEAR | 710,791 |  | 954,762 |  |

Preston Caravans and Motorhomes Limited (Registered number: 08764487)

Other Comprehensive Income

for the year ended 31 December 2024

Period |

1/9/22 |

Year Ended | to |

31/12/24 | 31/12/23 |

| Notes | £ | £

PROFIT FOR THE YEAR | 710,791 |  | 954,762 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 710,791 |  | 954,762 |  |

Preston Caravans and Motorhomes Limited (Registered number: 08764487)

Balance Sheet

31 December 2024

2024 | 2023 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Tangible assets | 10 | 36,623 |  | 57,390 |  |

CURRENT ASSETS

Stocks | 11 | 11,006,374 |  | 6,728,248 |  |

Debtors | 12 | 1,186,010 |  | 2,257,735 |  |

Cash at bank | 927,538 |  | 1,168,913 |  |

13,119,922 |  | 10,154,896 |  |

CREDITORS

Amounts falling due within one year | 13 | 9,686,896 |  | 6,944,578 |  |

NET CURRENT ASSETS | 3,433,026 |  | 3,210,318 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,469,649 |  | 3,267,708 |  |

CREDITORS

Amounts falling due after more than one year | 14 | (8,601 | ) | (14,211 | ) |

PROVISIONS FOR LIABILITIES | 16 | (8,615 | ) | (11,855 | ) |

NET ASSETS | 3,452,433 |  | 3,241,642 |  |

CAPITAL AND RESERVES

Called up share capital | 17 | 1,400,000 |  | 1,400,000 |  |

Other reserves | 18 | 734,751 |  | 734,751 |  |

Retained earnings | 18 | 1,317,682 |  | 1,106,891 |  |

SHAREHOLDERS' FUNDS | 3,452,433 |  | 3,241,642 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2025 and were signed on its behalf by:

AG Campbell - Director

Preston Caravans and Motorhomes Limited (Registered number: 08764487)

Statement of Changes in Equity

for the year ended 31 December 2024

Called up |  |

share | Retained | Other | Total |

capital | earnings | reserves | equity |

| £ | £ | £ | £

Balance at 1 September 2022 | 1,400,000 |  | 1,402,129 |  | 734,751 |  | 3,536,880 |  |

Changes in equity

Dividends | - |  | (1,250,000 | ) | - |  | (1,250,000 | ) |

Total comprehensive income | - |  | 954,762 |  | - |  | 954,762 |  |

Balance at 31 December 2023 | 1,400,000 |  | 1,106,891 |  | 734,751 |  | 3,241,642 |  |

Changes in equity

Dividends | - |  | (500,000 | ) | - |  | (500,000 | ) |

Total comprehensive income | - |  | 710,791 |  | - |  | 710,791 |  |

Balance at 31 December 2024 | 1,400,000 |  | 1,317,682 |  | 734,751 |  | 3,452,433 |  |

Preston Caravans and Motorhomes Limited (Registered number: 08764487)

Notes to the Financial Statements

for the year ended 31 December 2024

1. | STATUTORY INFORMATION

| Preston Caravans and Motorhomes 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 (£) and the amounts in the financial statements have been rounded to the nearest £1.

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Financial Reporting Standard 102 - reduced disclosure exemptions

| The company has taken advantage of the following disclosure exemption 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.

| Significant judgements and estimates

| In determining the carrying amounts of certain assets and liabilities, the company makes calculated assumptions based on the effects of uncertain future events on those assets and liabilities at the balance sheet date. The company's estimates and assumptions are based on historical experience and expectations of future events and are reviewed periodically.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

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

| Plant and machinery | - | 25% on cost

| Motor vehicles | - | 25% on cost

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Financial instruments

| Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals and any borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

Preston Caravans and Motorhomes Limited (Registered number: 08764487)

Notes to the Financial Statements - continued

for the year ended 31 December 2024

3. | ACCOUNTING POLICIES - continued

| 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 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.

| 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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.

4. | TURNOVER

| The turnover and profit before taxation are attributable to the one principal activity of the company.

| An analysis of turnover by geographical market is given below:

Period |

1/9/22 |

Year Ended | to |

31/12/24 | 31/12/23 |

| £ | £

| United Kingdom | 22,784,102 |  | 29,003,906 |  |

| Overseas | 78,866 |  | 59,833 |  |

22,862,968 |  | 29,063,739 |  |

Preston Caravans and Motorhomes Limited (Registered number: 08764487)

Notes to the Financial Statements - continued

for the year ended 31 December 2024

5. | EMPLOYEES AND DIRECTORS

Period |

1/9/22 |

Year Ended | to |

31/12/24 | 31/12/23 |

| £ | £

| Wages and salaries | 1,370,600 |  | 1,661,256 |  |

| Social security costs | 135,586 |  | 178,254 |  |

| Other pension costs | 21,391 |  | 27,132 |  |

1,527,577 |  | 1,866,642 |  |

| The average number of employees during the year was as follows:

Period |

1/9/22 |

Year Ended | to |

31/12/24 | 31/12/23 |

| Sales and customer service | 17 |  | 16 |  |

| Workshop | 17 |  | 17 |  |

| Management and administration | 11 |  | 11 |  |

45 |  | 44 |  |

Period |

1/9/22 |

Year Ended | to |

31/12/24 | 31/12/23 |

| £ | £

| Directors' remuneration | 346,135 |  | 374,061 |  |

| Directors' pension contributions to money purchase schemes | 2,619 |  | 3,613 |  |

| Information regarding the highest paid director is as follows:

Period |

1/9/22 |

Year Ended | to |

31/12/24 | 31/12/23 |

| £ | £

| Emoluments etc | 77,500 |  | 128,847 |  |

| Pension contributions to money purchase schemes | - |  | 1,761 |  |

6. | OPERATING PROFIT

| The operating profit is stated after charging:

Period |

1/9/22 |

Year Ended | to |

31/12/24 | 31/12/23 |

| £ | £

| Depreciation - owned assets | 20,767 |  | 27,214 |  |

| Auditors' remuneration | 9,000 |  | 10,000 |  |

| Auditors' remuneration for non audit work | 9,000 |  | 10,000 |  |

Preston Caravans and Motorhomes Limited (Registered number: 08764487)

Notes to the Financial Statements - continued

for the year ended 31 December 2024

7. | INTEREST PAYABLE AND SIMILAR EXPENSES |

Period |

1/9/22 |

Year Ended | to |

31/12/24 | 31/12/23 |

| £ | £

| Finance company interest | 659 |  | 946 |  |

| Loan | 41,169 |  | - |  |

| Interest on tax paid late | 8,648 |  | - |  |

50,476 |  | 946 |  |

8. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

Period |

1/9/22 |

Year Ended | to |

31/12/24 | 31/12/23 |

| £ | £

| Current tax:

| UK corporation tax | 242,727 |  | 274,935 |  |

| Deferred tax | (3,240 | ) | 5,903 |  |

| Tax on profit | 239,487 |  | 280,838 |  |

| UK corporation tax has been charged at 25% .

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

Period |

1/9/22 |

Year Ended | to |

31/12/24 | 31/12/23 |

| £ | £

| Profit before tax | 950,278 |  | 1,235,600 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2023 - 22.729%) | 237,570 |  | 280,840 |  |

| Effects of:

| Adjustments to tax charge in respect of previous periods | 1,917 |  | (2 | ) |

| Total tax charge | 239,487 |  | 280,838 |  |

Preston Caravans and Motorhomes Limited (Registered number: 08764487)

Notes to the Financial Statements - continued

for the year ended 31 December 2024

9. | DIVIDENDS

Period |

1/9/22 |

Year Ended | to |

31/12/24 | 31/12/23 |

| £ | £

| Dividends paid | 500,000 |  | 1,250,000 |  |

10. | TANGIBLE FIXED ASSETS

Plant and | Motor |

machinery | vehicles | Totals |

| £ | £ | £

| COST

| At 1 January 2024

| and 31 December 2024 | 153,404 |  | 26,355 |  | 179,759 |  |

| DEPRECIATION

| At 1 January 2024 | 98,198 |  | 24,171 |  | 122,369 |  |

| Charge for year | 20,142 |  | 625 |  | 20,767 |  |

| At 31 December 2024 | 118,340 |  | 24,796 |  | 143,136 |  |

| NET BOOK VALUE

| At 31 December 2024 | 35,064 |  | 1,559 |  | 36,623 |  |

| At 31 December 2023 | 55,206 |  | 2,184 |  | 57,390 |  |

| Included within the net book value of fixed assets are assets totalling £12,744 (2023: £18,856) which are subject to hire purchase contracts. The depreciation charged on these assets in the year was £6,112 (2023: £6,112).

11. | STOCKS

2024 | 2023 |

| £ | £

| Stock | 11,006,374 |  | 6,728,248 |  |

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

2024 | 2023 |

| £ | £

| Trade debtors | 160,147 |  | 24,419 |  |

| Amounts owed by group undertakings | 180,780 |  | 984,484 |  |

| Amounts due from related

| party undertaking | 627,978 |  | 993,848 |  |

| Prepayments, accrued income

| and other debtors | 217,105 |  | 254,984 |  |

1,186,010 |  | 2,257,735 |  |

Preston Caravans and Motorhomes Limited (Registered number: 08764487)

Notes to the Financial Statements - continued

for the year ended 31 December 2024

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

2024 | 2023 |

| £ | £

| Hire purchase contracts (see note 15) | 5,501 |  | 5,501 |  |

| Customer deposits and

| payments on account | 433,563 |  | 530,249 |  |

| Trade creditors | 7,625,021 |  | 5,783,326 |  |

| Corporation tax | 252,618 |  | 274,935 |  |

| Social security and other taxes | 30,566 |  | 32,837 |  |

| VAT | 308,048 |  | 33,574 |  |

| Amounts due to related party undertaking | 80,833 |  | - |  |

| Pension scheme loan | 655,109 |  | - |  |

| Directors' current accounts | 56,438 |  | 93,963 |  |

| Other creditors & accruals | 239,199 |  | 190,193 |  |

9,686,896 |  | 6,944,578 |  |

| The directors' current accounts are unsecured and have no fixed repayment term.

| Included within other creditors is a loan of £655,109 (2023: £nil) due to the Preston Caravans and Motorhomes Limited Pension Scheme. This loan is repayable in equal monthly installments to 2029 and interest is payable at normal commercial rates. As no formal repayment agreement has been signed, the loan has been classified as due within one year. On the expected rate of repayment, £519,726 would be due in more than one year.

14. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

| £ | £

| Hire purchase contracts (see note 15) | 8,601 |  | 14,211 |  |

15. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2024 | 2023 |

| £ | £

| Net obligations repayable:

| Within one year | 5,501 |  | 5,501 |  |

| Between one and five years | 8,601 |  | 14,211 |  |

14,102 |  | 19,712 |  |

Non-cancellable |

operating leases |

2024 | 2023 |

| £ | £

| Within one year | 25,211 |  | 20,388 |  |

| Between one and five years | 11,417 |  | 31,134 |  |

36,628 |  | 51,522 |  |

Preston Caravans and Motorhomes Limited (Registered number: 08764487)

Notes to the Financial Statements - continued

for the year ended 31 December 2024

16. | PROVISIONS FOR LIABILITIES

2024 | 2023 |

| £ | £

| Deferred tax

| Accelerated capital allowances | 8,615 |  | 11,855 |  |

Deferred tax |

| £

| Balance at 1 January 2024 | 11,855 |  |

| Credit to Income Statement during year | (3,240 | ) |

| Balance at 31 December 2024 | 8,615 |  |

| Deferred tax has been calculated using a tax rate of 25% (2023: 25%).

17. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

value: |  | £ | £

| 1,400,000 | Ordinary | £1 | 1,400,000 |  | 1,400,000 |  |

| The shares have attached to them full voting, dividend and capital distribution rights.

18. | RESERVES

Retained | Other |

earnings | reserves | Totals |

| £ | £ | £

| At 1 January 2024 | 1,106,891 |  | 734,751 |  | 1,841,642 |  |

| Profit for the year | 710,791 |  | 710,791 |  |

| Dividends | (500,000 | ) | (500,000 | ) |

| At 31 December 2024 | 1,317,682 |  | 734,751 |  | 2,052,433 |  |

| Other Reserves represents a non distributable reserve which arose in satisfaction of an exempt distribution in specie on the demerger of Campbells Limited on 11 September 2014.

19. | ULTIMATE PARENT COMPANY

| Runshaw Holdings Limited is regard as being the company's ultimate and immediate parent undertaking by virtue of holding the entire issued share capital of the company. Runshaw Holdings Limited is incorporated in England & Wales and its registered office is Blackpool Road, Near Clifton, Preston, Lancashire PR4 0XL from which copies of the financial statements maybe obtained.

20. | RELATED PARTY DISCLOSURES

| Included within debtors falling due within one year are amounts of £627,978 (2023: £660,658) due from Campers Caravans Limited, and £80,833 (2023: £333,190 due from) due to Motorhome Rent UK Limited arising as a result of trading with these companies.

| Two of the directors of the company, AG Campbell and C Campbell, are also directors of both Campers Caravans Limited and Motorhome Rent UK Limited.

Preston Caravans and Motorhomes Limited (Registered number: 08764487)

Notes to the Financial Statements - continued

for the year ended 31 December 2024

21. | ULTIMATE CONTROLLING PARTY

| In the opinion of the directors the company is controlled by the directors, AG Campbell and C Campbell, by virtue of their shareholding in the parent undertaking.