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Company No: 12592175 (England and Wales)

# PENINSULA SAND PROPCO LTD.

### Unaudited Financial Statements
For the financial year ended 31 March 2026
Pages for filing with the registrar

PENINSULA SAND PROPCO LTD.

## Unaudited Financial Statements

For the financial year ended 31 March 2026

Contents

PENINSULA SAND PROPCO LTD.

## STATEMENT OF FINANCIAL POSITION

As at 31 March 2026
PENINSULA SAND PROPCO LTD.

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 892,925 |  | 1,503,758
Investments | 4 | 1,613,976 |  | 0
|  | 2,506,901 |  | 1,503,758
Current assets |  |  |  |
Debtors | 5 | 7,015 |  | 2,936
Cash at bank and in hand |  | 12,125 |  | 6,845
|  | 19,140 |  | 9,781
Creditors: amounts falling due within one year | 6 | ( 2,074,879) |  | ( 1,324,490)
Net current liabilities |  | (2,055,739) |  | (1,314,709)
Total assets less current liabilities |  | 451,162 |  | 189,049
Creditors: amounts falling due after more than one year | 7 | ( 274,319) |  | 0
Provision for liabilities |  | ( 20,345) |  | ( 20,345)
Net assets |  | 156,498 |  | 168,704
Capital and reserves |  |  |  |
Called-up share capital | 8 | 1 |  | 1
Profit and loss account |  | 156,497 |  | 168,703
Total shareholder's funds |  | 156,498 |  | 168,704

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Peninsula Sand Propco Ltd. (registered number: 12592175) were approved and authorised for issue by the Director on 26 May 2026. They were signed on its behalf by:

J P Brain Director |

PENINSULA SAND PROPCO LTD.

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2026
PENINSULA SAND PROPCO LTD.

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2026

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Peninsula Sand Propco Ltd. (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Home Farm 62 High Street, Steeple Ashton, Trowbridge, BA14 6EU, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Group accounts exemption

Group accounts exemption s399
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

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 when the significant risks and rewards are considered to have been transferred to the customer.

##### Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Leases

The Company as lessor
Amounts due from lessees under finance leases are recognised as receivables at the amount of the Company's net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the Company's net investment outstanding in respect of leases.
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the director, on an open market value for existing use basis.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Employees

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 0 |  | 0

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 April 2025 | 1,503,758
Additions | 9,676
Disposals | (620,509)
As at 31 March 2026 | 892,925

#### 4. Fixed asset investments

Investments in subsidiaries

| 2026
| £
Cost |
At 01 April 2025 | 0
Additions | 1,613,976
At 31 March 2026 | 1,613,976
Carrying value at 31 March 2026 | 1,613,976
Carrying value at 31 March 2025 | 0

#### 5. Debtors

| 2026 |  | 2025
| £ |  | £
Trade debtors | 177 |  | 177
Prepayments | 0 |  | 2,759
VAT recoverable | 6,838 |  | 0
| 7,015 |  | 2,936

#### 6. Creditors: amounts falling due within one year

| 2026 |  | 2025
| £ |  | £
Bank loans (secured) | 22,553 |  | 0
Trade creditors | 1,571 |  | 3,079
Amounts owed to Group undertakings | 2,039,395 |  | 1,307,113
Accruals | 3,349 |  | 4,980
Taxation and social security | 8,011 |  | 9,318
| 2,074,879 |  | 1,324,490

The loans are secured by way of fixed and floating charges over all the property and undertaking of the company containing a negative pledge.

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

#### 7. Creditors: amounts falling due after more than one year

| 2026 |  | 2025
| £ |  | £
Bank loans (secured) | 274,319 |  | 0

Amounts repayable after more than 5 years are included in creditors falling due over one year:

| 2026 |  | 2025
| £ |  | £
Bank loans (secured) | 165,187 |  | 0

The loans are secured by way of fixed and floating charges over all the property and undertaking of the company containing a negative pledge.

#### 8. Called-up share capital

| 2026 |  | 2025
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1 Ordinary share of £ 1.00 | 1 |  | 1

#### 9. Profit and Loss Reserve

Within the profit and loss reserve is a non-distributable amount totalling £61,033 comprising the total unrealised gain on the investment property of £81,378 less the associated deferred tax of £20,345. Distributable reserves therefore total £95,464 at the balance sheet date.