Company registration number 00549681 (England and Wales)
PEMBERTON CARAVANS LTD
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PEMBERTON CARAVANS LTD
CONTENTS
- 1 -
Page
Company Information
1
Strategic report
2-3
Directors' report
4
Directors' responsibilities statement
4
Independent auditor's report
5-7
Income statement
8
Statement of financial position
10
Statement of changes in equity
11
Statement of cash flows
12
Notes to the financial statements
13-20
PEMBERTON CARAVANS LTD
COMPANY INFORMATION
Directors
Mr K D McAdam
Mrs S M McAdam
Mr NAAR Younis
Secretary
Mrs S M McAdam
Company number
00549681
Registered office
11 Birchley Avenue
Birchley
Billinge
Wigan
Lancashire
England
WN5 7QW
Auditor
Fairhurst Audit Services Ltd
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB
PEMBERTON CARAVANS LTD
STRATEGIC REPORT
For The Year Ended 30 September 2025
- 2 -

The directors present the strategic report for the year ended 30 September 2025.

Principal activities

The principal activity of the company continued to be that of receipt of income from property and investments, and the provision of management services.

Review of the business

The results for the year are shown in the annexed financial statements and represent a satisfactory performance for the period of review.
The most significant proportion of our income continues to be derived from rentals of our factory and associated properties and management services charged to our subsidiary Pemberton Park and Leisure Homes Limited, which manufactures transportable homes for both residential and holiday parks principally located in the United Kingdom.
Pemberton Park and Leisure Homes Limited remains in a sound financial position and has continued to trade profitably during the year.
Our remaining commercial properties are occupied by well established, non-related businesses, which have maintained their rental commitments during the year and are expected so to continue during the year ahead.
The company's key performance indicators during the year were as follows:-

2025
2024
Operating Revenue
965
896
Operating Profit
718
646
Occupancy Ratio (at the year end)
98.4%
98.4%
Principal risks and uncertainties

- Continuity

T he major part of the company's income is dependent on the continuing commercial success of its manufacturing subsidiary. The directors manage this risk by constantly monitoring the financial and operational performance of its subsidiary and the trends and competitive conditions in the market within which it operates.

- Commercial Relationships

The company's other commercial property income arises from leases to unconnected commercial enterprises and is dependent on the continued success of their business activities. The company manages the risks involved by maintaining regular communication with tenants to keep abreast of their business performance and planned future developments.

Health Safety and Environmental issues
The company is committed to outstanding performance in health, safety and environmental matters through a policy of training, communication and co-operation applied consistently throughout all operations.

Future Developments
The company has no immediate plans for further property or business acquisitions but retains the ability to respond at short notice should suitable opportunities arise.

PEMBERTON CARAVANS LTD
STRATEGIC REPORT (CONTINUED)
For The Year Ended 30 September 2025
- 3 -

On behalf of the board

.............................................
Mr K D McAdam
Director
20 February 2026
PEMBERTON CARAVANS LTD
DIRECTORS' REPORT
For The Year Ended 30 September 2025
- 4 -

The directors present their annual report and financial statements for the year ended 30 September 2025.

Results and dividends

The total distribution of dividends during the year ended 30 September 2024 was £5,220,200 (202 4 - £1,865,000).

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr K D McAdam
Mrs S M McAdam
Mr NAAR Younis
Statement of directors' responsibilities

The directors are responsible for preparing the annual report 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; and

- 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.

Events since the end of year

Information relating to events since the end of the year is given in the notes to the financial statements.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

On behalf of the board
..............................................
Mr K D McAdam
Director
20 February 2026
PEMBERTON CARAVANS LTD
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF PEMBERTON CARAVANS LTD
- 5 -
Opinion

We have audited the financial statements of Pemberton Caravans Ltd (the 'company') for the year ended 30 September 2025 which comprise the income statement, the statement of comprehensive income, the statement of financial position, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including 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 30 September 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.

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 Auditor's 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 our audit:

- the information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

PEMBERTON CARAVANS LTD
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF PEMBERTON CARAVANS LTD (CONTINUED)
- 6 -
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 identifie d material misstatements in the strategic report and the directors' r eport. We have nothing to report in respect of the following matters in relation to which 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; or

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, 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.

Auditor's 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 an auditor's report 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.

- We identified the laws and regulations applicable to the company through discussions with directors and other management, focusing on those that had a direct effect on the financial statements or that had a fundamental effect on it's operations. Key laws and regulations that we identified included Companies Act 2006, tax legislation, employment legislation and Health & Safety regulations.

- We enquired of the directors and reviewed correspondence with HMRC for evidence of non-compliance with laws and regulations. We also reviewed the controls which the directors have in place to ensure compliance.

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.

- we performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions;

- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias;

PEMBERTON CARAVANS LTD
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF PEMBERTON CARAVANS LTD (CONTINUED)
- 7 -

Due to inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing fraud or non-compliance with laws and regulations and cannot be expected to detect all fraud and non-compliance with laws and regulations.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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 an auditor's report 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.

Jane Dennis BA (Hons) FCA (Senior Statutory Auditor)
For and on behalf of Fairhurst Audit Services Ltd, Statutory Auditor
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB
20 February 2026
PEMBERTON CARAVANS LTD
INCOME STATEMENT
For The Year Ended 30 September 2025
- 8 -
2025
2024
Notes
£
£
Turnover
965,162
896,225
Administrative expenses
(247,267)
(250,143)
Other operating income
-
0
1,293,500
Operating profit
717,895
1,939,582
Interest receivable and similar income
4
4,924,760
1,516,644
Interest payable and similar expenses
(38,589)
(50,617)
Profit before taxation
5,604,066
3,405,609
Tax on profit
5
(284,387)
(472,335)
Profit for the financial year
5,319,679
2,933,274

The income statement has been prepared on the basis that all operations are continuing operations.

The notes on pages 13 to 20 form part of these financial statements.

PEMBERTON CARAVANS LTD
STATEMENT OF COMPREHENSIVE INCOME
For The Year Ended 30 September 2025
- 9 -
2025
2024
£
£
Profit for the year
5,319,679
2,933,274
Other comprehensive income
-
-
Total comprehensive income for the year
5,319,679
2,933,274

The notes on pages 13 to 20 form part of these financial statements.

PEMBERTON CARAVANS LTD
STATEMENT OF FINANCIAL POSITION
As At 30 September 2025
- 10 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
7
1,428
741
Investment property
8
6,473,500
6,473,500
Investments
9
368,156
368,156
6,843,084
6,842,397
Current assets
Debtors
10
254,174
217,456
Cash at bank and in hand
313,002
203,190
567,176
420,646
Creditors: amounts falling due within one year
11
(701,316)
(644,555)
Net current liabilities
(134,140)
(223,909)
Total assets less current liabilities
6,708,944
6,618,488
Creditors: amounts falling due after more than one year
12
(540,142)
(663,378)
Provisions for liabilities
15
(646,948)
(532,735)
Net assets
5,521,854
5,422,375
Capital and reserves
Called up share capital
16
300,000
300,000
Profit and loss reserves
17
5,221,854
5,122,375
Total equity
5,521,854
5,422,375

The notes on pages 13 to 20 form part of these financial statements.

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

The financial statements were approved by the board of directors and authorised for issue on 20 February 2026 and are signed on its behalf by:
..............................................
Mr K D McAdam
Director
Company registration number 00549681 (England and Wales)
PEMBERTON CARAVANS LTD
STATEMENT OF CHANGES IN EQUITY
For The Year Ended 30 September 2025
- 11 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 October 2023
300,000
4,054,101
4,354,101
Period ended 30 September 2024:
Profit and total comprehensive income
-
2,933,274
2,933,274
Dividends
6
-
(1,865,000)
(1,865,000)
Balance at 30 September 2024
300,000
5,122,375
5,422,375
Year ended 30 September 2025:
Profit and total comprehensive income
-
5,319,679
5,319,679
Dividends
6
-
(5,220,200)
(5,220,200)
Balance at 30 September 2025
300,000
5,221,854
5,521,854

The notes on pages 13 to 20 form part of these financial statements.

PEMBERTON CARAVANS LTD
STATEMENT OF CASH FLOWS
For The Year Ended 30 September 2025
- 12 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
21
716,926
649,780
Interest paid
(38,589)
(50,617)
Income taxes paid
(148,933)
(129,478)
Net cash inflow from operating activities
529,404
469,685
Investing activities
Purchase of tangible fixed assets
(916)
-
0
Interest received
5,124
2,910
Dividends received
4,919,636
1,513,734
Net cash generated from investing activities
4,923,844
1,516,644
Financing activities
Repayment of bank loans
(123,236)
(118,724)
Dividends paid
(5,220,200)
(1,865,000)
Net cash used in financing activities
(5,343,436)
(1,983,724)
Net increase in cash and cash equivalents
109,812
2,605
Cash and cash equivalents at beginning of year
203,190
200,585
Cash and cash equivalents at end of year
313,002
203,190

The notes on pages 13 to 20 form part of these financial statements.

PEMBERTON CARAVANS LTD
NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2025
- 13 -
1
Accounting policies
Company information

Pemberton Caravans 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.

1.1
Accounting convention

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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The presentational currency of these financial statements is sterling.

Preparation of consolidated financial statements
The financial statements contain information about Pemberton Caravans Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Kermandine Limited.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include:

a) Valuation of Investment properties

The value of the investment properties is considered annually by the directors. The current values are considered to be appropriate by management.

b) Uninsured claims provision

The uninsured claims provision is estimated by the directors based on their experience and information provided by their legal advisors. The current value of the provision is considered to be the best estimate of the obligation.

1.2
Turnover

Turnover represents the net invoice value of management services, rental income and related services provided, excluding value added tax. Rental income is recognised in the income statement on a straight-line basis over the lease term.

1.3
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.

Computers
15% on reducing balance

Tangible fixed assets are either stated at cost or professional valuation, less depreciation and any impairment.

1.4
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.

Investments in subsidiaries

Investments in subsidiaries are accounted for at cost less impairment.

PEMBERTON CARAVANS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Year Ended 30 September 2025
1
Accounting policies
(Continued)
- 14 -
1.5
Impairment of fixed assets

At each reporting date assets are reviewed to determine whether there is any indication that those a s sets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

1.6
Financial instruments

Trade and other debtors and trade creditors are measured at the transaction price. Other financial assets and liabilities, including related party loans shall be measured at amortised cost using the effective interest rate.

Financial assets and liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due. Amounts due to and from related undertakings, including directors, are repayable on demand and are measured at the undiscounted amount due.

1.7
Taxation

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

Current tax

Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting period using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.

Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

2
Employees

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

2025
2024
Number
Number
Management
1
1

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
28,000
28,000
Social security costs
3,282
2,608
31,282
30,608
PEMBERTON CARAVANS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Year Ended 30 September 2025
- 15 -
3
Directors' remuneration
2025
2024
£
£
Remuneration paid to directors
28,000
28,000
4
Interest receivable and similar income
2025
2024
£
£
Interest receivable and similar income includes the following:
Income from shares in group undertakings
4,919,636
1,513,734
5
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
170,255
148,960
Adjustments in respect of prior periods
(81)
-
0
Total current tax
170,174
148,960
Deferred tax
Origination and reversal of timing differences
-
0
323,375
Changes in tax rates
114,213
-
0
Total deferred tax
114,213
323,375
Total tax charge
284,387
472,335

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
5,604,066
3,405,609
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
1,401,017
851,402
Permanent capital allowances in excess of depreciation
(857)
(634)
Under/(over) provided in prior years
(77)
-
0
Deferred tax adjustments in respect of prior years
114,213
-
0
Dividend income
(1,229,909)
(378,434)
Rounding
-
0
1
Taxation charge for the year
284,387
472,335
PEMBERTON CARAVANS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Year Ended 30 September 2025
- 16 -
6
Dividends
2025
2024
£
£
Final paid
5,220,200
1,865,000
7
Tangible fixed assets
Computers
£
Cost
At 1 October 2024
6,053
Additions
916
At 30 September 2025
6,969
Depreciation and impairment
At 1 October 2024
5,312
Depreciation charged in the year
229
At 30 September 2025
5,541
Carrying amount
At 30 September 2025
1,428
At 30 September 2024
741
8
Investment property
2025
£
Fair value
At 1 October 2024 and 30 September 2025
6,473,500

The company's investment properties were revalued during the previous financial year on a fair market value basis by Jack Sharpe MRICS, FAAV (Director of T Fazakerley & Sons Ltd trading as Fazakerley Sharpe).

Fair value at 30 September 2025 is represented by: |
| £
Valuation in 2024 | 1,293,500
Valuation in 2019 | 487,244
Valuation in 2014 | (44,437)
Valuation in 2010 | 887,985
Cost | 3,849,208
| ___________
Total | 6,473,500
| ___________

PEMBERTON CARAVANS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Year Ended 30 September 2025
- 17 -
9
Fixed asset investments
2025
2024
£
£
Other investments other than loans
368,156
368,156
Subsidiary
Principal activity
% Holding
Direct / Indirect Holding
Cresta Caravans Limited
Dormant
100
Direct
N & E Houses Limited
Dormant
100
Direct
Pemberton Park and Leisure Homes Limited
Sale and manufacture of caravan holiday homes
77
Direct
10
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
246,902
216,787
Other debtors
7,272
669
254,174
217,456
11
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
123,750
123,750
Trade creditors
53
9
Corporation tax
170,255
149,014
Other taxation and social security
85,301
73,082
Other creditors
321,957
298,700
701,316
644,555
12
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
396,005
519,241
Amounts owed to group undertakings
144,137
144,137
540,142
663,378
PEMBERTON CARAVANS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Year Ended 30 September 2025
- 18 -
13
Loans and overdrafts
2025
2024
£
£
Bank loans
519,755
642,991
Payable within one year
123,750
123,750
Payable after one year
396,005
519,241

The bank loan facility is renewed monthly under the terms of the loan agreement, with interest charged at 1.95%

above LIBOR each month. The facility expires in December 2029.

14
Secured Debts

The following secured debts are included within creditors:
Bank Loans - £519,755 (202 4 - £642,991)
The bank loans are secured by way of a fixed charge against specific investment property.

15
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
646,948
532,735
16
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Authorised
Ordinary of £1 each
300,000
300,000
300,000
300,000
Issued and fully paid
Ordinary of £1 each
300,000
300,000
300,000
300,000
17
Profit and loss reserves
2025
2024
£
£
At the beginning of the year
5,122,375
4,054,101
Impact of application of FRS 102 Periodic Review 2024
-
-
Adjusted balance
5,122,375
4,054,101
Profit for the year
5,319,679
2,933,274
Dividends declared and paid in the year
(5,220,200)
(1,865,000)
At the end of the year
5,221,854
5,122,375
PEMBERTON CARAVANS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Year Ended 30 September 2025
17
Profit and loss reserves
(Continued)
- 19 -

Included within profit and loss reserves are non-distributable profits, as set out below:

2025
2024
£
£
Non-distributable profits included above
At the beginning of the year
2,989,693
2,019,568
Non distributable profits in the year
(114,213)
970,125
At the end of the year
2,875,480
2,989,693
Distributable profits
2,346,374
2,132,682
18
Ultimate parent company

The company is a wholly owned subsidiary of Kermandine Limited, a company registered in England & Wales.

The company registered office is 11 Birchley Ave, Birchley, Billinge, Lancashire WN5 7QW.

19
Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard a applicable in the UK and Republic Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Additional related party transactions are detailed below:-

Property rental income of £625,661 (202 4: £53 9,234) was receivable from a subsidiary undertaking, under an operating lease. At the year end an amount of £203,214 (202 4 - £161,713) remained outstanding.

A management charge of £144,000 (202 4: £144,000) was charged to a subsidiary undertaking, in respect of management services. At the year end an amount of £Nil (202 4 - £1 2,000) remained outstanding.

A management charge of £120,000 (202 4: £120,000) was charged by a shareholder in the parent company.

Dividend income of £4,919,636 (202 4: £1,513,734) was received from a subsidiary undertaking.

20
Ultimate controlling party

Mr K D McAdam and Alphacrete International Limited each own 50% of the share capital of the parent company suggesting joint control. However, practically Mr K D McAdam is responsible for the day to day operating decisions of the company and is therefore the ultimate controlling party.

PEMBERTON CARAVANS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Year Ended 30 September 2025
- 20 -
21
Cash generated from operations
2025
2024
£
£
Profit after taxation
5,319,679
2,933,274
Adjustments for:
Taxation charged
284,387
472,335
Finance costs
38,589
50,617
Investment income
(4,924,760)
(1,516,644)
Fair value gain on investment properties
-
0
(1,293,500)
Depreciation and impairment of tangible fixed assets
229
108
Movements in working capital:
(Increase)/decrease in debtors
(36,718)
112,361
Increase/(decrease) in creditors
35,520
(108,771)
Cash generated from operations
716,926
649,780
22
Analysis of changes in net debt
1 October 2024
Cash flows
30 September 2025
£
£
£
Cash at bank and in hand
203,190
109,812
313,002
Borrowings excluding overdrafts
(642,991)
123,236
(519,755)
(439,801)
233,048
(206,753)
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