These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The notes on pages 3 to 8 form part of these financial statements.

Peter Griffiths (Stanley Mills) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Stanley Mills, Stonehouse, Gloucestershire, United Kingdom, GL10 3HQ.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised to the extent that it is probable that economic benefits will flow to the company and the revenue can be reliably measured.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

The average monthly number of persons (including directors) employed by the company during the year was:

Investment property comprises properties held by the company to earn rentals. The fair value of the investment property has been arrived at on a basis of a valuation carried out by the directors at the year end. The valuation was made on an open market value basis.

Details of the company's subsidiaries at 31 March 2025 are as follows:

The registered office of all of the above companies is Stanley Mills, Stonehouse, Gloucester, GL10 3HQ.

The remaining 11.03% of Warlord Contract Carpets limited is owned by Marlings Limited.

The revaluation reserve represents the cumulative effect of revaluations of investment property.

The profit and loss reserve represents cumulative profits or losses, net of dividends paid and other adjustments.

The company operated a defined benefit scheme for qualifying employees. Under the scheme the employees were entitled to retirement benefits of 1/60th (1.67%) of final salary for each year of employment on attainment of a retirement age of 65 . No other post retirement benefits are provided.

The most recent actuarial valuations of plan assets and the present value of the defined benefit obligation were carried out as at 1 June 2023 by Broadstone Consultants & Actuaries Limited, Fellow of the Institute of Actuaries. The present value of the defined benefit obligation, the related current service cost and past service cost were measured using the projected unit credit method.

At the valuation date total scheme assets were £1,978,000 and total liabilities were £1,916,000; therefore there was a theoretical surplus of £64,000.

Following the valuation date, (and the company's year end ), on 1 May 2024 the Trustees of the scheme entered into a bulk annuity contract with a third party pension provider. The effect of this contract was that the company's obligations in respect of pensions was extinguished.

The Trustees passed substantially all of the value of the assets in the scheme to the third party provider. The directors had determined that as the pension buy-out was substantially completed at the year-end the accounts showed reflect the substance of the new arrangement. The surplus previously recognised under FRS 102 of £548,000 was released in the prior year.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 March 2025 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.

On 6 June 2005 Peter Griffiths (Stanley Mills) Limited and Marlings Limited entered into a cross guarantee with Natwest Bank PLC.

The effect of this guarantee is that on demand by the bank, the companies will be solely or jointly liable to pay or discharge to the bank, all monies or liabilities which are due, owing or incurred by any company to the bank.

At the year end Marlings Limited had outstanding loans and overdrafts due to Natwest Bank PLC of £13,260 (2024: £23,260).

During the year the company charged rent of £110,353 (2024: £110,004), wages of £3,600 (2024: £3,600) and management charges of £nil (2024: £40,000) to Marlings Limited, a subsidiary company. At 31 March 2025, the amount due from Marlings Limited was £918,537 (2024: £804,472), This amount being included within amounts owed by group undertakings within one year.

During the year the company was charged management fees of £25,000 (2024: £nil) by PG Management (Stonehouse) Limited. These management charges include charges for the services of key management personnel. At 31 March 2025 the company owed £297,797 (2024: £272,797) to PG Management (Stonehouse) Limited. This amount being included within other creditors falling due within one year. Mrs J May is a majority shareholder and director of PG Management (Stonehouse) Limited.

At 31 March 2025 Peter Griffiths Grandchildrens' Trust owed the company £40,376 (2024: £40,986) this amount being included within other debtors due within one year. Mrs J May is a trustee of The Peter Griffiths Grandchildrens' Trust.

As at 31 March 2025 there was a balance of £nil (2024: £nil) due to the company from Mrs J May on her directors' loan account, this amount being included within other debtors due within one year.

The ultimate controlling party is Mrs J May.